Diwali 2025 blockbuster – A festive tale for India Inc and shoppers directed by tax magic

Diwali Sales: Retailers experienced a blockbuster Diwali as GST rate cuts boosted consumption across various product categories, from lab-grown diamonds to home furnishings. This festive season saw a significant surge in sales for automobiles and electronics, with companies reporting their fastest growth in over a decade. Favorable economic conditions, including reduced inflation and income tax relief, further fueled consumer spending.