India online retail matures beyond festive dependence as tax cuts sustain momentum
India's e-commerce is broadening past its Sept-Oct festive spike, with mobiles and electronics still peaking but other categories stabilizing year-round. Tax cuts have helped sustain retail momentum. Globally, Prada posted 12.5% Q1 revenue growth while US consumer confidence hit a 12-year low.
India's online retail is maturing beyond festive-season dependence, with mobiles and electronics still spiking in Sept-Oct but other categories stabilizing year-round. Tax cuts sustained retail momentum. Global brands Burberry, Prada, M&S also reported results.