Independence Day consumer sentiment breaks free of slowdown

Sales of electronic products, smartphones, laptops, television sets, refrigerators, FMCG and daily consumables rose 25-30% YoY during the Independence Day sales. Consumer sentiment improved ahead of the crucial festive season, indicating consumers are upgrading their purchases. High footfall in malls and shopping stores along with new movie releases playing a role in raising sales. The festive season is anticipated to bring sales gains for consumer goods companies.