October 21, 2025 2:22 PM
Diwali sales touch record Rs 5.40 lakh crore on GST reforms, strong consumer demand
India’s Diwali sales hit a record Rs 5.40 lakh crore in goods and around Rs 65,000 crore in services this festive season, buoyed by GST reforms and robust consumer demand, industry data showed on Tuesday. This marks the highest-ever turnover during the festival period in the country’s retail and trading history. According to CAIT Research and Trade Development Society, the research wing of the Confederation of All India Traders (CAIT), sales between Navratri and Diwali grew 25 per cent over...