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00:00The GST rate rationalization is clearly into full swing given that a lot of people are outside already making their purchases to avail the benefits of the same.
00:09In fact, if you just look at the visuals over here at the moment, you can see everyone purchasing what they would ideally want for their kitchen, their homeware.
00:16In fact, very interestingly, you also have gifting options as well.
00:21You can see, of course, given the fact that there is a slab that has changed, you're looking at different materials that is clearly being bought by different people here.
00:29Let's quickly try to make a squeeze in to show you what that's looking like.
00:33Also, because of the fact that this is not just the policy push that we've looked at in terms of GST rate rationalization, it's also the first day of Navaratri.
00:40So for anybody who was looking to make those particular purchases, this is ideally the time that they would like to do so.
00:47Of course, with all the festivals around the corner, very nice gifting, you know, assets and options as well.
00:53Let me quickly get in a word from you what we're seeing with the GST rate rationalization and now the festive season.
00:59Since morning, have you been looking at a lot of consumers and customers coming in?
01:03Yeah, customers are excited, like they want to know what is the GST tariff now.
01:09So in our product, it was earlier 12%.
01:11So now it has come to 5%.
01:12So I think it's good for the consumer.
01:15You know, that's a very interesting point that you make that the slab, you know, a benefit for the consumer.
01:19And ultimately, what the government has tried to do here is give more money to the common man to spend.
01:25How are you looking at that for the business as well with the festive season?
01:28This will be good because if the rates will go down, the consuming power will be more.
01:33Like, customer will buy more products.
01:35So it's good for us.
01:37And talking about certain products, we also know gifting, considering there's so many beautiful festivals around the corner.
01:42Are you looking at certain trends at the moment?
01:44Are you looking at how this policy push in the timing?
01:47Or are you observing any sort of trends in the store that we can look at?
01:50You can look at many gift sets are there.
01:52Like in steel, you can get many sets.
01:54In brass, you can get many sets.
01:56Crocker, you can get many sets.
01:57And now everything being manufactured in India.
02:00So that is also a good thing.
02:02And prices have come down, really gone down.
02:05Because of India, India market, the production in India.
02:08And secondly, the GST cut down.
02:11So I think it will be beneficial for the customer and shopkeeper as well.
02:14Right.
02:15It's a win-win for both sides, right?
02:16But from your vantage point, I want to understand as an owner, with this policy push, what does it mean for you all as well?
02:22Of course, business is the important aspect.
02:24Do you feel like the spending will be a lot more now by, you know, the common people as well?
02:29Yeah, it should.
02:30It should be.
02:31Because being the price is going down, so customer will buy more.
02:35This is what I think.
02:36So it's a positive sign, all in all.
02:37It's a positive sign, yeah.
02:38Definitely.
02:38Okay.
02:39All in all, positive sign.
02:40Of course, a lot of options for you to buy whatever you want, given the fact that it's just not about the festivity.
02:46In general, this is a big push.
02:47It's giving an opportunity for more affordability.
02:50You can buy whatever you want, given the fact that there is more money that is coming in the hand as well.
02:55And like Prime Minister Modi also didn't put into perspective that it's the budget that you're looking at and the budget, the savings festival that we're looking at with the policy push.
03:04So clearly, all in all, this is a good move, at least from the national capital's perspective.
03:08But how is this going to overall pan out for the industry across all sectors?
03:13That remains to be seen with camera person Ashok Kumar, Sinavedan Prabhu, reporting for Retrie Now.
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