Loading Ticker...
You Are Here: Home » Entertainment

Gift Card Sales In India – Rs. 1800 Crore last year, 145% Rise Increase Expected This Year

On this festive season, there would surely be an increase in the demand for gift cards and retailers could expect sales of a million such cards. This information was based on a recent study. A lot of people would definitely be celebrating the forthcoming Diwali. This also means that business enthusiasts could take this opportunity to have good sales.

Hallmark Cards Logo

Hallmark Cards Logo

For the record, Indians spent Rs 1,800 crore on gift cards last year. This would surely increase this fiscal with the festive season being celebrated by an increasing number of people. For this month, the total active gift cards reached 2.7 million. This is an equivalent of 145 per cent increase in growth compared to last year.

Archies Cards Logo

Archies Cards Logo

This was base on the study by QwikCilver which specializes on gift card solutions. A lot of retailers are having a confidence on gift cards since a lot of people are considering it as a great gift. Most of these buyers do not anymore bother the price but what is important for them is the note that comes with the card.

via


Share this post

Subscribe to our updates via e-mail or get our  RSS Feed
Enter your email address:


Other Related Stories: