A LocalCircles survey reveals urban Indian households plan to spend Rs 20,000 on average this festive season, driving overall expenditure down 6% to Rs 1.97 lakh crore. Driven by inflation and higher interest rates, 31% plan no discretionary purchases, while 83% of shoppers intend to use savings for their budgets.
Business
Inflation Drives Urban Indians To Cut Festive Shopping Budgets
