Televisions have also been big sellers with the maximum demand for 42-43 inch and 55-inch models. "This is as good as Diwali," said Vishal Mewani, director at Mumbai-based retailer Kohinoor that doubled its sales in June. "While stock on high discount is sold out, consumers are still buying due to the price rise from July," he said. "Online marketplaces were relatively quiet in durable sales which too boosted offline sales." Sentiment will be further deterred if prices rise as expected.Incidentally, primary sales dropped 25% in June as retailers wanted to clear old stock to reduce losses on transitional inventory after the GST rollout.

Source: Economic Times June 27, 2017 20:03 UTC