More brands in store, but price cuts may lag
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New British brands are expected to enter Indian markets, offering consumers more retail choices. While duty cuts are beneficial, rupee depreciation may limit immediate price reductions. Some brands are pausing price hikes and reducing costs on specific product categories. Global supply chain issues and currency volatility also impact pricing strategies for businesses. Over time, consumers can anticipate more competitive pricing as import duties are further reduced. What's Your Reaction?
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