India’s Retail Sector Records Historic Festive Sales of ₹5.4 Lakh Crore in Goods
India’s retail sector has witnessed a historic boom in festive season sales this year, marking a new high between Navratri and Diwali 2025. According to a nationwide survey by the Confederation of All India Traders (CAIT), the total trade touched ₹5.4 lakh crore in goods and ₹65,000 crore in services, setting a new benchmark for economic activity during the festival period.
One of the most impactful factors behind this surge was the reduction in GST rates across several essential and high-demand product categories. This move not only made goods more affordable for consumers, but also improved the profit margins and turnover for retailers.
Key categories that benefited from GST cuts include,
These changes enhanced the overall price competitiveness of products in both online and offline retail markets, encouraging more impulse and bulk purchases during the festive period.
The retail performance this year showed a strong balance between the goods and services segments. While the sale of goods saw the lion’s share with ₹5.4 lakh crore, the services sector also made an impressive mark, generating ₹65,000 crore in revenue.
This dual growth indicates a shift in consumer lifestyle and preferences, with rising spending on services such as,
In an age where technology and finance intersect at lightning speed, Luana Lopes Lara, a…
In a significant development for higher education in India, Victoria University (VU) from Australia is…
Many lakes around the world are known by special names because of their stories, beauty,…
Under Section 45ZL of the Reserve Bank of India Act, 1934, every quarter, India’s Monetary…
India hosts nearly 8% of the world’s biodiversity, making conservation crucial for ecological balance and…
Swaraj Kaushal, the former Governor of Mizoram, a noted senior advocate, and the husband of…