India has achieved its highest-ever Diwali sales, with total trade reaching ₹6.05 lakh crore, according to the Confederation of All India Traders (CAIT).
This includes ₹5.40 lakh crore in goods and ₹65,000 crore in services, marking a 25% increase from last year's ₹4.25 lakh crore.
The surge is attributed to a significant shift towards locally made products, in line with the 'Vocal for Local' initiative. CAIT Secretary General Praveen Khandelwal noted that Chinese goods lost over ₹1 lakh crore in trade during this Diwali season, as consumers and traders embraced Indian-made alternatives.
The festive period also saw a boost in various sectors, including food and grocery, textiles, jewellery, electronics, and automobiles. GST reforms and government incentives have further encouraged this