‘India’s Diwali sales hit record Rs 6.05L cr’

India’s Diwali sales soared to an unprecedented Rs 6.05 lakh crore this year, driven by strong consumer sentiment and recent Goods and Services Tax (GST) reforms, according to the Confederation of All India Traders (CAIT).

- MPOST BUREAU

The total includes Rs 5.40 lakh crore in goods and Rs 65,000 crore in services.

The figures, based on a nationwide survey across 60 major distribution centres—including state capitals and Tier 2 and 3 cities—mark a sharp rise from last year’s Rs 4.25 lakh crore festive turnover.

Traditional retail remained the dominant force in this festive boom. CAIT reported that non-corporate and brick-and-mortar markets accounted for 85 per cent of total sales, signalling a strong revival for India’s small traders and physical markets.