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GST cuts ignite record-breaking festive sales, set stage for Diwali boom
The Statesman Siliguri
|October 19, 2025
lhe government's GST ratecuts have sparked an unprecedented surge in consumer spending, turning Navratri into one of the largest shopping festivals in recent years and setting the stage for what promises to bea historic Diwali for India’s economy.
Inflation, akey factor influencing consumer spending, has cooled toits lowest levelin eight years, withthe Consumer Price Index (CPI) at just 1.54 per cent and food inflation slipping into negative territory at -2.3 per cent. These favourable conditions have empowered households tocelebrate the festive season with more enthusiasm and expenditure.
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