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Cut in price of Consumer Durables: will it help them to grow

Created by : Jagbir Singh, Senior Consultant, Ernst & Young  | 02 26 2009 03:26:53 +0000
Industry : Management & Strategy ConsultingFunctional Area : India(Markets)
Keywords : price cut consumer durables
Activity:  147 views;  last activity : 07 06 2010 20:18:09 +0000

It is observed that there has been a cut in the price of white goods do you think that it will help to increase market for them?

  
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From the last few days of information it is gathere that there has been a decrease or we can say a cut in service and excise tax, if this is the scene then it is quiet possible it will make consumers spend their money and white goods can act as a medium for them.
By Jagbir Singh, Senior Consultant, Ernst & Young  02 26 2009 03:26:53 +0000
 
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I do believe that price cuts in white goods will ultimately help an increase market for them though not remarkably. I see some part of it towards savings but not any investments as of now. 
By Rushabh , CEO/MD/Director, Interpol Eyewear  | 02 26 2009 07:38:41 +0000
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It is expected that this cut will help people to save their income or life insurance or in safed deposits in banks rather spending on white goods.
By Jitena Kumar Rawat, Senior Consultant, GKC  | 02 26 2009 03:28:45 +0000
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