23.1 C
Delhi
Wednesday, November 5, 2025

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

Commercial Vehicle Sales Rebound in October on Infrastructure Push

India's CV sector shows strong recovery with major manufacturers reporting double-digit growth driven by infrastructure projects and festive logistics demand.

Paytm Posts Second Straight Quarterly Profit; Revenue Up 24%

Paytm reports strong Q2 results with Rs 211 crore profit before impairment, 24% revenue growth to Rs 2,061 crore, and 63% surge in financial services business.

IBM to Cut 2,700 Jobs in 2025 Amid AI Restructuring

IBM joins Amazon, Microsoft, Google in tech layoffs as companies shift focus to artificial intelligence. Over 30,000 jobs cut across major tech firms in 2025.

Bank Holiday Today: Banks Closed in 21 States for Guru Nanak Jayanti

Check if banks are open in your state on November 5. Complete state-wise list of bank closures for Guru Nanak Jayanti and upcoming holidays.

India Set to Become 3rd Largest Global Economy, Says FM Sitharaman

Finance Minister announces India's rapid economic ascent from 10th to soon 3rd largest economy, with 25 million lifted from poverty and banking sector revival.

Topics

Zoho’s Arattai Messaging App to Get End-to-End Encryption

Zoho founder Sridhar Vembu seeks user input on implementing end-to-end encryption in WhatsApp rival Arattai, considering default vs optional security.

Commercial Vehicle Sales Rebound in October on Infrastructure Push

India's CV sector shows strong recovery with major manufacturers reporting double-digit growth driven by infrastructure projects and festive logistics demand.

India-NZ FTA Talks Advance as Piyush Goyal Meets Trade Minister

Commerce Minister Piyush Goyal begins New Zealand visit for FTA negotiations, aiming to boost bilateral trade and investment opportunities between both nations.

Amazon Threatens Perplexity AI Over Browser Shopping Feature

Perplexity AI reveals legal threat from Amazon over Comet browser's shopping agent, calling it corporate bullying that threatens AI innovation.

CERT-In High-Severity Warning: Update Google Chrome Now

Critical Chrome vulnerabilities allow system takeover. Learn which versions are affected and how to protect your device immediately.

Paytm Posts Second Straight Quarterly Profit; Revenue Up 24%

Paytm reports strong Q2 results with Rs 211 crore profit before impairment, 24% revenue growth to Rs 2,061 crore, and 63% surge in financial services business.

Maldives Enacts Historic Generational Tobacco Ban for Youth

The Maldives implements a permanent smoking ban for anyone born after 2007, aiming to create a tobacco-free generation and protect teen health.

IBM to Cut 2,700 Jobs in 2025 Amid AI Restructuring

IBM joins Amazon, Microsoft, Google in tech layoffs as companies shift focus to artificial intelligence. Over 30,000 jobs cut across major tech firms in 2025.
spot_img

Related Articles

Popular Categories

spot_imgspot_img