18.1 C
Delhi
Friday, January 16, 2026

Diwali Sales Hit Record Rs 5.40 Lakh Crore on GST Reforms

Diwali Sales Smash Records at Rs 5.40 Lakh Crore

India’s Diwali festival season generated a historic Rs 5.40 lakh crore in goods sales and approximately Rs 65,000 crore in services, marking the highest-ever retail turnover in the country’s trading history.

Key Takeaways

  • Total Diwali sales hit record Rs 5.40 lakh crore (goods) + Rs 65,000 crore (services)
  • 25% growth over previous year’s festive sales
  • Traditional retail dominated with 85% market share
  • GST reforms boosted consumer spending significantly

Unprecedented Growth in Festival Sales

The Confederation of All India Traders (CAIT) reported a 25% increase compared to 2024’s festive period sales of Rs 4.25 lakh crore. This surge demonstrates robust consumer confidence and economic momentum.

Traditional Retail Makes Strong Comeback

Mainline retail accounted for nearly 85% of total sales, indicating a powerful revival of brick-and-mortar markets across India. The survey shows consumers returning to physical stores in large numbers.

GST Reforms Fuel Consumer Spending

Reduced GST rates on key categories including confectionery, home decor, footwear, ready-made garments, and consumer durables significantly improved price competitiveness. About 72% of traders reported higher sales volumes directly linked to GST reductions.

Consumers expressed greater satisfaction with stable prices during the festive season, supporting continued consumption even after Diwali celebrations.

Employment and Rural Economy Boost

The Diwali trade surge generated temporary employment for approximately 50 lakh people across logistics, transport, retail assistance, packaging, and delivery sectors.

Enhanced rural and semi-urban purchasing power contributed 28% of overall sales, highlighting deep economic penetration beyond metropolitan areas.

“Diwali 2025 has set a new benchmark in India’s retail and trading economy – symbolising the fusion of tradition, technology, and trust in Indian enterprise,” said CAIT.

The organization noted this year’s Diwali stands as a major milestone in building an , driven by 9 crore small businesses and the country’s vast consumer base.

Latest

The Hidden Human Cost of Aggressive Business Targets

Explore why management strategies focused solely on outcomes, like 10-minute deliveries, are causing burnout and are unsustainable for long-term business success.

Zomato’s Viral Job: Rs 25 Lakh Salary for 1-3 Years Experience in Bengaluru

A Zomato job listing offering Rs 25 lakh salary, Rs 20 lakh ESOP, and daily food credits for a role needing just 1-3 years experience goes viral, sparking debate.

Rising Memory Chip Prices Threaten Profits for Apple, HP, Dell

Morgan Stanley warns investors as increasing DRAM and NAND flash costs squeeze margins for major tech hardware companies, reversing a years-long tailwind.

Mumbai Markets Closed for BMC Elections, Zerodha CEO Calls It Poor Planning

Zerodha CEO Nithin Kamath criticises weekday market closure for Mumbai elections, highlighting economic costs and missed trading opportunities as Asian markets rally.

Supreme Court Rules Against Tiger Global in Flipkart-Walmart Tax Case

SC rejects Tiger Global's tax exemption claim on $1.2 billion Flipkart sale, ruling it a shell company. Landmark decision impacts foreign investor taxation.

Topics

Doctor’s Viral Senate Testimony: “Biologically, Men Cannot Get Pregnant”

Dr Nisha Verma's exchange with a US senator on pregnancy and gender terminology goes viral, highlighting post-Roe reproductive rights debates.

Trump Nominated for Nobel Peace Prize Over Abraham Accords Role

US lawmaker nominates Donald Trump for the Nobel Peace Prize, citing his historic role in brokering the Abraham Accords. This marks his fourth nomination.

US Lawmaker Calls Pakistan a Failed State, Contrasts with India

Congressman Rich McCormick's speech contrasts India's investment role with Pakistan, which he accuses of harbouring terrorism and being a Chinese client state.

UGC Proposes 1 Counsellor per 500 Students, Mental Health Centres in Colleges

New UGC draft mandates mental health centres & a fixed counsellor ratio in all Indian colleges to support student well-being and equitable opportunity.

Why Pune is Called the Research Capital of India

Discover how Pune's unique ecosystem of top universities, national labs, and industry R&D earned it the title of India's research capital.

iQOO Z11 Turbo Launched With 7,600mAh Battery & Snapdragon 8s Gen 3

iQOO Z11 Turbo debuts with a massive battery, 100W charging, and flagship Snapdragon 8s Gen 3 chip. Check price, specs, and launch details.

China’s Top Universities Outrank Harvard in Global Research Output

Nature Index 2024 reveals Chinese universities surpass Harvard in research share, signaling a major shift in global science leadership driven by decades of investment.

Michael Bloomberg Warns White House Fed Attacks Are Dangerous Overreach

Billionaire Michael Bloomberg says White House criticism of the Federal Reserve threatens economic stability, could trigger recession, and must stop.
spot_img

Related Articles

Popular Categories

spot_imgspot_img