Higher GST dampens sale of ethnic wear during Deepavali
Representational image of a crowd on a commercial street in Erode | Photo Credit: GOVARTHAN M With readymade garments priced above ₹2,500 attracting 18% GST, ethnic and festive wear are said to have seen a 15% drop in sales during the festival season. “Our estimate is ethnic wear and festive wear showed a decline of […]
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