This has led to a surge in the refurbished goods market in India—always popular as an economical option, but now a thriving entity. Refurbished electronics items are sold for 20-30 percent and sometimes up to 50 percent less than their original price tags, making them a lucrative option. According to recent data collected by global market research company IMARC, the second-hand luxury goods market in India is currently witnessing strong growth. With the festive season around the corner, the refurbished goods market is gearing up for high sales. Refurbished goods are priced at 20-30 percent, and in some cases even 50 percent less than their original counterparts.

Source: Indian Express October 31, 2021 00:18 UTC