India Inc Splurges On Corporate Gifts This Diwali
Advertisement
Advertisement
This Diwali, “A slight rise in consumer confidence together with improved job security, a perceptive improvement in business sentiment and festive optimism has encouraged India Inc. to loosen the purse strings as majority of companies have increased their budget for festive spending for clients and employees by about 10-15 per cent this Diwali,” said
He added, “Besides, majority of companies are planning to substitute traditional gift options with Diwali exclusive pre-paid cards which seems to be emerging as the most preferred gifting solution for corporate sector”.
Rawat noted the fact that companies are willing to increase their budget for festive spending is an indication of the rise in the consumer sentiments, which has been down over the last few years.
Advertisement
When it comes to the choice of gifts, prepaid gift cards are fast gaining popularity among the companies as as it is safer, easier to carry and gives people the freedom to splurge on things they wish to buy. Gadgets such as smartphones, tablets and other such hand-held devices too are being preferred by various companies. The companies are opting for e-commerce websites for placing bulk orders for gadgets as these online portals are offering huge discounts on them.
Traditional gifts such as crockery, assorted chocolates, sweets, dry fruits, imported liquor, bed sheets, gold coins, jewellery, home décor, tableware, luxury watches, designer apparel, expensive writing instruments, leather bags, free holiday packages, movie tickets, dinner coupons, spa vouchers and hampers with a mix of festive essentials like torans, diyas and aromatic candles continue to remain a favourite among the companies.
Advertisement
- Indian markets could recover on Monday but earnings, global cues will decide the rest of the week, say experts
- Top temples to visit in India you must visit atleast once in a lifetime
- Top 10 adventure sports across India: Where to experience them in 2024
- Market recap: Valuation of 6 of top 10 firms declines by Rs 68,417 cr; Airtel biggest laggard
- West Bengal Elections: Rift among INDIA bloc partners triggers three-cornered intense contests
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market