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कोशिश गोल्ड - मुक्त

From phones, gadgets to khadi, it's a swadeshi Diwali this year

Financial Express Mumbai

|

October 19, 2025

Global products with Made-in-India stamp drive sales

- SUGANDHA MUKHERJEE & VAISHALI DAR

A DECADE AGO, swadeshi meant khadi and handicrafts.

This Diwali, it looks very different: a family SUV rolling off a Pune assembly line, an iPhone 17 assembled in Bengaluru, or a Philips airfryer 'Made in India'.

As tariffs and geopolitics create an environment of uncertainty, Prime Minister Narendra Modi in his speeches has urged Indians to embrace swadeshi this festive season, saying "India's biggest adversary is dependence on other nations".

Diwali sales are expected to cross an all-time high of ₹4.75 lakh crore this year, driven largely by Indian-made goods.

The new GST reforms, aimed at supporting micro, small, and medium enterprises (MSMEs), have further encouraged the shift toward Indian-made products. Praveen Khandelwal, secretary general of the Confederation of All India Traders (CAIT) and member of Parliament from Chandni Chowk, echoes the PM's sentiments.

"Every purchase of Indian-made goods is not just an act of celebration, but a contribution to strengthening the economy and empowering small traders," he said. "The trading community pledges that swadeshi products will be available in every shop. The only alternative to foreign goods will be swadeshi," CAIT has stated.

Swadeshi gets an impetus when perhaps one of the most coveted products, the latest iPhone, comes with a Made in India stamp. Just a few years ago, India was almost entirely an import market. Today, as per Canalys' data, devices assembled here account for 44% of US smartphone imports, up from 13% last year.

Financial Express Mumbai से और कहानियाँ

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Maha approves ₹648 crore for crop damage relief

THE MAHARASHTRA GOVERNMENT has sanctioned ₹648.15 crore for the distribution of relief to farmers affected by excess rainfall and floods during this year's monsoon, officials said.

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THREAT TO EV SUPPORT SCHEME MINIMAL, FEEL EXPERTS China questions India's PLI and EV sops at WTO

ALLTHREE FLAGSHIP schemes to encourage manufacturing of electric vehicles (EVs) and support renewable energy (RE) expansion in India have been challenged by China at the World Trade Organization (WTO).

time to read

2 mins

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Andhra looks at Australia for its seafood exports

ANDHRA PRADESH, WHERE the shrimp industry has been hit by US President Donald Trump’s tariffs, is looking to Australia as an alternative market.

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1 mins

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Spate of surrenders later, Maoists get new face

THE BANNED COMMUNIST Party of India (Maoist) has found a new public voice after its ideological head Mallojula Venugopal Rao alias Sonu surrendered along with 60 cadres in Maharashtra earlier this month.

time to read

1 mins

October 22, 2025

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US trans-shipment tariff to create big compliance issues for firms: Moody's

THE 40% TRANSSHIPMENT tariff by the US will create major compliance issues for companies in India and the ASEAN region, with high risks for sectors like machinery, electrical equipment and semiconductors, Moody's Ratings said on Tuesday.

time to read

1 min

October 22, 2025

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LTIMindtree's Nachiket Deshpande steps down

LTIMINDTREE ON TUESDAY announced the resignation of Nachiket Deshpande from the position of whole-time director and president with effect from October 31.

time to read

1 min

October 22, 2025

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CEO vibes as misleading as consumer angst

IN THE PAST three years, many of us have wrestled with the ebbs and flows of the consumer “vibecession”.

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3 mins

October 22, 2025

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'Very poor' Delhi air quality triggers political slugfest

AS AIR POLLUTION levels rose the day after Diwali, the Delhi government led by the Bharatiya Janata Party (BJP) alleged the Aam Aadmi Party (AAP) had “forced” farmers in Punjab to burn stubble to foul the capital’s air.

time to read

3 mins

October 22, 2025

Financial Express Mumbai

WTO: India still has much to do on toxic cough syrup

INDIA HAS MORE work to do in halting sales of toxic cough syrup, despite some progress, a World Health Organization (WHO) official told Reuters, after at least 24 children died following consumption of a domestically-made medicine.

time to read

1 mins

October 22, 2025

Financial Express Mumbai

Reliance grabs West Asian oil as Russian flows draw scrutiny

RELIANCE INDUSTRIES BOUGHT West Asian crudes last week and may place more orders, in a sign that Western pressure against Russian flows may be starting to impact its procurement patterns.

time to read

1 min

October 22, 2025

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