Online retailers, including Amazon and Flipkart, are making Rs 47,900 crore this festive season: report

Some other online retailers including Amazon, Flipkart, Geomart are all set to get silver during the festive season. Consumer spending forecasts sales of Rs 47,900 crore from October 15 to November 15. It is estimated that 75 per cent (approximately Rs 35,400 crore) of this amount will be spent between October 15 and October 21, as Amazon and Flipkart hold the largest amount this year.

Forrester Forecast 5.5 to 60 million buyers in India will take part in the ongoing sales, which is expected to boost the profits of online retailers and grow by 34 per cent a year during the festive season, the forecast said. During the festive season, smartphones continue to be the top-selling item, accounting for 34 percent of total spending, followed by 17 percent for electronics and computers, 16 percent for fashion and 14 percent for homeware and furniture and 6 percent for groceries. There will be a one percent cost.

The Amazon Great Indian Festival and the Flipkart Big Billion Days sale have resulted in huge discounts and savings due to the financial uncertainty that people face during epidemics. Apart from this, one of the reasons for the increase in sales is the ban on buying due to long-term locks. Amazon had already said that the biggest Indian festival so far this season has a huge start.

Movement in all cities has been reduced by about 40 percent, the report said. It is estimated from Google’s social movement report data, which monitors the movement of people in popular public places, supermarkets, pharmacies, restaurants, movie theaters, etc., and calculates an average of seven days to understand the movement. Apply. Google Mobility October 16 Report According to, movement in retail and entertainment venues was 31 percent lower than the pre-epidemic time base.

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