New Delhi Oct 22 (UNI) Finance Minister Nirmala Sitharaman today highlighted the surge in Diwali sales as driven by GST rate cuts and strong demand for ‘swadeshi’ products saying Diwali sales this year touched a record Rs 6.05 lakh crore.

The Finance Minister cited the statement of the Confederation of All India Traders (CAIT) which estimated this year’s Diwali sales comprising Rs 5.4 lakh crore in goods and Rs 65,000 crore in services. As per the Research and Trade Development Society, the research wing of CAIT, this marks a 25 percent spike over the 2024 festive sales of Rs 4.25 lakh crore from the Navratri to Diwali period. Further, this is the highest-ever sales in India’s trading history.

The survey showed that the mainline retail accounted for nearly 85 percent of total sales, ind

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