Footfalls in stores may rise by 20% this festival season: Local Circles

An increase of 20 per cent in consumers likely to be seen in stores/markets this festival season as compared to last year

Despite high inflation and erratic summer season, with the onset of the festive season, manufacturers have begun their investments based on higher consumer spending, found a survey by Local Circles.

As per Centre for Monitoring Indian Economy (CMIE), the Index of Consumer Sentiments (ICS) shrunk by 0.5 per cent  in August and it continued  in the September first week (down 3.1 per cent).

The survey found that 35 per cent of the 10,992 respondents do not wish to spend this festive season, 3 per cent households are planning to spends Rs 100,000 or more, 9 per cent intend to spend