While people are still uncertain about the impact of GST and demoetisation, it is the budget 2017 that is most awaited in determining the governments way of dealing with the current situation of chaos and expectations in the country.
While from a long term perspective, the benefits are immense, in the short term, in the absence of any meaningful announcements in the upcoming budget 2017, we are likely to see a demand contraction on the consumer side.
The evening of November 08, 2016 shall remain in the memories of Indians at least for the next two decades. But, what was the effect of demonetisation for the retail malls? Lets look at it in a phased manner.
Jewellery businesses cannot function with small denomination notes. As jewellery sectors attracts mainly cash, but because of cash crunch, the demand for gems and jewellery is expected to decline for at least next two to three quarters.
In terms of services, it includes, tie-up with various banks to provide sufficient number of swipe machines (POS) to exhibitors to facilitate the payment transactions by visitors through debit/credit cards.