‘Made in India’ and GST reforms boost record Diwali sales: Industry leaders
India’s festive season just set a new record.
A nationwide survey by the Confederation of All India Traders (CAIT) showed that total Diwali trade hit a staggering Rs 6.05 lakh crore. That marks the highest sales figure ever recorded for the period, signalling growing consumer confidence and a strong lift for “Made in India” goods.
Industry leaders across the country highlighted how Prime Minister Narendra Modi’s push for “Made in India” and recent economic reforms are bearing fruit.
“We already said this Diwali would be a bumper one,” said Harvansh Chawla, chairman of the BRICS Chamber of Commerce & Industry. “Never before have we seen such sales and enthusiasm in our economy. All credit goes to the Prime Minister.” He added that the slogan is gaining momentum and that its results will be clearer in the next six to twelve months.
PHDCCI chief executive Ranjeet Mehta pointed to GST changes as a key driver. “GST reforms before Diwali had a very positive impact,” he told . “The Prime Minister inspired people to buy Swadeshi goods. That step was crucial, especially in today’s fragmented global trade environment. In fact, 80 % of goods sold were Indian products—very encouraging.”
In Kolkata, Bharat Chamber of Commerce president Naresh Pachisia praised the festive surge. “Consumer demand is something we haven’t seen for a long time,” he said. “The reduction in GST on consumption‑related goods played a key role. A gap in sales after the September 22 announcement created pent‑up demand, which helped fuel this huge surge in Diwali trade.”
PHDCCI president Rajeev Juneja emphasized continued support for smaller industries. “Our responsibility is to build bridges between small‑ and medium‑scale industries and government departments,” he said. “We aim to help small industries grow into large ones by providing all possible support.”
The record‑breaking Diwali trade underscores a broader trend of rising confidence in domestic products and the effectiveness of Modi’s economic agenda. The momentum is expected to continue as India pursues its vision of a stronger, self‑reliant economy.
Source: ianslive
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