Rs 7500 crore worth of Gold was bought by the Indian Middle class in one single day in #Dhanteras
There was 50% YoY increase in the sales of white goods during festive season.
All Car showrooms are empty as they don't have cars to sell. Even their Demo cars have been sold off.
There was 50% YoY increase in the sales of white goods during festive season.
All Car showrooms are empty as they don't have cars to sell. Even their Demo cars have been sold off.
This demonstrate the purchasing power of Indian Middle-class as Indian Super rich and HNI do not buy Physical gold anymore as they have shifted to buying Digital gold sold by RBI which fetch them 2.5% interest.
This kind of Festive spending never seen in last 10 years
This kind of Festive spending never seen in last 10 years
Maruti has a delivery back-log of 2.5 lakh cars, Hyundai has one lakh cars pending, and even the luxury maker Mercedes-Benz has around 2,500-3,000 vehicles waiting to be delivered which is nearly equivalent to two-and-a-half to three months of its regular inventory. 
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