The first festive season following demonetisation and the introduction of the goods and services tax (GST) is turning out to be painful for a number of consumer-facing businesses. A two-part series, beginning with consumer durable, will look at the impact on these sectors.
M Nanubhai, proprietor at SL Electronics, a popular consumer durables and electronics store in the suburb of Santacruz, Mumbai, is a worried man.
A rack of online festivals between September 20 and 25 and a pre-GST stock clearance in June have meant he is finding no takers for his products now in the crucial Navratri to Diwali