NEW DELHI: Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65, 000 crore in services across the country, industry figures showed on Tuesday, marking the highest-ever festival season turnover in the country's retail and trading history.
This marks a 25 per cent increase over 2024 festive sales (Rs 4.25 lakh crore) from the Navratri to Diwali period, according to CAIT Research and Trade Development Society, the research wing of the Confederation of All India Traders (CAIT).
Mainline retail accounted for nearly 85 per cent of total sales, indicating a strong revival of the brick-and-mortar market, the survey showed.