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India's Diwali Trade Hits Record Rs 6.05 Lakh Crore, CAIT Says

Traders attribute the spike to recent GST rate cuts, reflecting a strong revival in physical retail.

Overview

  • CAIT estimates Rs 5.40 lakh crore in goods and Rs 65,000 crore in services, roughly 25% higher than 2024.
  • About 72% of surveyed traders credited reduced GST rates for higher volumes, with stronger demand reported for Indian-made products.
  • Non-corporate, brick-and-mortar markets accounted for about 85% of sales, with rural and semi-urban regions contributing roughly 28%.
  • Automakers reported record festive deliveries, with more than 1 lakh vehicles handed over during the NavratriDiwali window.
  • Fireworks sales in Delhi were pegged near Rs 500 crore after a limited green-cracker relaxation by the Supreme Court, as resident groups reported breaches of permitted hours.