India Records Decade-High Navratri Sales As GST Cuts Fuel Consumer Boom
India's consumer economy has achieved its highest Navratri sales in over a decade, a surge attributed to the Modi government's NextGen GST reforms, which reduced tax rates and increased product accessibility.
These measures lowered prices and unlocked consumer spending, leading to upgrades of vehicles, investments in home appliances, and increased spending on lifestyle goods.
Brands and retailers across sectors reported significant sales growth, generally ranging from 25 per cent to 100 per cent.
The festive season's first half, including Onam, Durga Puja, and Dussehra, is the country's largest consumption period, accounting for 40-45 per cent of total festive sales.
The automobile sector experienced a remarkable festive season: Maruti Suzuki's Navratri sales doubled from last year, marking its best performance in at least a decade.
The car maker delivered a massive batch of 1.65 lakh vehicles in the first eight days of Navratri. On Day 1, Maruti delivered a record 30,000 cars, its best single-day performance in 35 years.
Source:Ndtv

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