Diwali retail sales cross ₹6 trillion as GST cuts boost consumer sentiment — what the CAIT data shows | Mint
India’s Diwali season witnessed record-breaking retail sales exceeding ₹6 trillion, reflecting strong consumer confidence and festive enthusiasm. According to the Confederation of All India Traders (CAIT), the surge was driven by positive consumer sentiment, lower GST rates, and increased demand across categories like electronics, apparel, home décor, and automobiles. Small retailers and local traders experienced significant growth compared to last year, with urban and rural buyers equally contributing to the sales boom. This trend highlights India’s economic resilience and consumers’ readiness to spend during festive periods. Experts note that government policies, including GST rationalization and inflation control, have helped boost purchasing power. The robust sales figures suggest a revival in discretionary spending, signaling optimism for future retail and manufacturing growth across the country.
The Key points
- Diwali retail sales crossed ₹6 trillion in India.
- CAIT reported widespread growth among traders and retailers.
- Strong consumer sentiment drove higher festive spending.
- GST cuts encouraged affordability and wider participation.
- Electronics, fashion, and home goods saw major sales boosts.
- Rural and urban markets showed balanced growth.
- Inflation control improved purchasing confidence.
- Local markets benefited more than large online platforms.
- Economic indicators reflect improved retail health.
- Experts predict continued momentum in post-festival sales.
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