Key takeaway from Diwali sales
This Diwali season was seen as critical from the economy as well as financial markets view points. Most businesses observers, analysts and policy makers were keenly watching the festival consumer demand to assess the future direction of the economy and markets. The policy makers were especially interested in assessing the impact of the various stimulating and corrective measures taken in past few months to boost demand. It will take some time to know the real picture. However, what we know from the news snippets and anecdotal evidence collected from the market visits and speaking to the traders and shop keepers in past few days, the season has been a mixed one. The following key trends may be noteworthy in this context. 1. The move from the unorganized to the organized retailing may be happening at much faster pace than earlier estimated. The experience is somewhat similar to the mobile telephoney - where almost everyone waited to see the growth...