Consumer demand to rise 40% in festive season: Assocham
Consumer demand may rise by 40% in the ongoing festive season amid an uptick in the economy, improving job prospects, and steady lowering of interest rates, an industry body Assocham's report stated. The rise in demand is primarily seen in automobiles, mobile handsets, consumer durables, and fashion wear, it added. However, the demand for real estate and housing remains slow. 