Retailers are gearing up for the festive season by offering higher discounts and promotions to encourage spending after a year of sluggish sales.
Brands are planning to provide 30-50% higher discounts than last year and extend sales events on both offline and online channels.
Online platforms like Myntra and Ajio have already started their end of season sales with 70-90% discounts to clear high inventories accumulated during a slow year.
Retailers anticipate a strong start in the September quarter to pave the way for a successful Diwali shopping season in October.