GST rate cuts lower apparel and footwear prices but retailers trim discounts

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Apparel and footwear brands will pass on GST benefits to consumers. Prices will drop for items under ₹2,500. Discounts from retailers' margins may decrease. Higher sales are expected due to lower prices. Unsold inventory should reduce. The GST change impacts different price segments. Retailers anticipate a sales recovery driven by festivals and weddings.