India's Diwali Trade Set To Cross Rs 7 Lakh Crore As Gold, Electronics Drive Festive Shopping
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India’s Diwali trade is set to cross Rs 7 lakh crore as festive shopping grows.
- ✓Business already hit Rs 6 lakh crore, with Delhi alone recording sales over Rs 1 lakh crore.
- ✓CAIT said, "The increase in consumer spending had benefited businesses across the supply chain," boosting local traders and artisans.
Story at a Glance
- Category
- Indian Markets
- Reported By
- NDTV Profit
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Diwali shopping has generated more than Rs 6 lakh crore in business across India, with total festive trade expected to exceed Rs 7 lakh crore. Delhi alone has recorded sales exceeding Rs 1 lakh crore, reflecting strong consumer demand during the festive period.
In a statement on Saturday, CAIT said market activity accelerated sharply around Dhanteras, with heavy customer footfall across major shopping centres. The trading body expects sales to rise further as festive purchases continue.
Gold, silver and jewellery emerged among the key demand drivers. Electronics and home appliances also recorded strong sales, particularly mobile phones, televisions, refrigerators, washing machines and air conditioners.
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