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Gujarat's real estate market witnessed a slowdown in new project launches during FY 2023-24, attributed to factors like rising construction costs, incomplete projects, online shopping impact, and investors shifting to stocks.
Online Sales: Despite the continuing slowdown in most consumption categories, online commerce — particularly in the food and fashion segments — is estimated to fare better than offline during the June quarter, says a report by ICICI Securities.
E-commerce: According to the report, all regions except Europe registered double-digit growth from 2021-2022, with the highest growth of 21% seen in the Middle East and Africa.