23% shoppers expected to shop more during festive period vs last year, says Axis My India CSI survey

The upcoming festive season this year is expected to post a growth in people spending as compared to the previous year. According to the latest insights from the India Consumer Sentiment Index (CSI) by Axis My India, 23 per cent of respondents are anticipating increased shopping activities during the upcoming festive season, reflecting a positive sentiment towards holiday spending. Additionally, it said that 44 per cent of those intending to maintain their pattern of participation in e-commerce festive sales this year plan to spend more than last year. However, it maintained that the overall household spending increased for 55 per cent, which showcased a 3 per cent decrease from last month.