Durables market feel the heat of slowdown

It's festival time but stores aren't decked up yet for the much waited discounts on a television or microwave purchase. This clearly indicates that consumer durables markets are feeling the pinch of a slowdown. Ravinder Zutshi, Deputy MD, Samsung India said, "This festival would be contrastingly very different from all these years. We have been talking about like this is free, that is free. I don't think there will be any freebies around on any consumer durables products."