- Retailers in India recorded a record trade of Rs 3.75 lakh crore during this year’s Diwali season.
- The festival trade comprised about 13% spending on food and groceries, 9% on jewelry, 12% on textiles and garments, 4% on dry fruits, sweets, and Namkeen, 3% on home decor, 6% on cosmetics, and 8% on electronics and mobiles.
- The purchase of made-in-India products led to a loss of more than Rs 1 lakh crore for Chinese goods trade.
- Chinese products, which previously occupied nearly 70% of the Diwali market, saw a decline this year due to the appeal of “vocal for local” by Prime Minister Narendra Modi.
- The upcoming festivals and the wedding season are expected to contribute another Rs 50,000 crore to trade, with the wedding season alone generating business worth Rs 4.5 lakh crore.