India's retailers expect up to 30% increase in Diwali sales

10/16/2009 | Business Standard (India)

Although the boom times may be over, Future Group, Bharti Retail, Spencer's Retail and other major retailers in India are expecting a substantial increase in sales during Diwali. "Consumer sentiments are improving. At Future Group, we expect at least 20-30% increase in sales during the festive period this year compared to last year," said Kishore Biyani, CEO at Future Group.

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