Online marketplaces reported $6.5 billion in festive sales. Mobile phones and electronics consumers opted for higher-priced ...

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Despite signs of recovery, the battered lower middle class and rural consumer is tightening its belt by buying less and opting for cheaper products to make ends meet and stretch the rupee.

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Online marketplaces sold goods worth $6.5 billion, or almost Rs 55,000 crore, in one week of festive sales, marking a 26% increase from last year, with mobile phones, electronics, consumer durables, ...