BusinessPhoto: News18 BusinessIndia's Festive E-Commerce Sales Drop 7-10% Due to Higher Electronics Prices
India's festive e-commerce sales declined by an estimated 7-10% year-on-year in the first four days of October, generating Rs 29,800-30,900 crore compared to Rs 33,200 crore last year. Rising smartphone and laptop prices, driven by higher memory and component costs, have delayed big-ticket purchases. The absence of a GST rate cut this year also contributed to the subdued start, although fashion and beauty categories remain strong.
News18 Business·



