 "Sarojini Nagar market, people, consumer, covid, spending, shopping, consumers, festive season, diwali sales")
During the Diwali season, we saw endless photographs of crowded markets. From Ranganathan Street in T Nagar, Chennai, to Dadar market in Mumbai, there was frenzied shopping. But malls have not had such luck.
I was struck by this dichotomy. Markets, where the middle-class shops, are crowded. But malls, where the affluent shop, are relatively empty. We know that the lockdown has resulted in the middle-class suffering severe income reduction. The rich have had it easy. Their wealth may even have increased, if stock markets are an indication. But they are not venturing into malls. Income does not seem to
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
