India’s economy is riding a high‑spending wave that starts with Dussehra and runs through Diwali, Chhath and the wedding season. The Bharatiya Udyog Vyapar Mandal (BUVM) estimates that total trade turnover has hit a staggering Rs 7.58 lakh crore, thanks in part to a nation‑wide push for Swadeshi, or locally made, products.
Prime Minister Narendra Modi’s Independence Day message on 15 August urged people to buy Indian goods. That call has turned into a movement, with traders across metros from Mumbai to Chennai loudly promoting home‑grown brands. Coupled with fresh GST reforms that cut red‑tape and lift consumer confidence, the market is buzzing.
A national panel of trade leaders – from Delhi to Bangalore and aside – compiled the figures. The report, presented by BUVM’s president Babulal Gupta, shows where the money is flowing. Automobile sales — cars, bikes, tractors and commercial vehicles — alone could bring in Rs 1.3 lakh crore. Real estate, which includes plots, flats, villas and construction materials, is expected to add another Rs 1.2 lakh crore. Groceries and staples are projected to hit Rs 1 lakh crore.
Jewellery is a big hit too, with gold, silver and ornaments bringing in Rs 50,000 crore. Traditional Diwali buys of steel, brass and copper utensils also cross Rs 50,000 crore. Electronics and home appliances add another Rs 50,000 crore. Wedding wear, dry fruits, home décor, cosmetics, lighting, furniture and gifts are all steady sellers, especially as Diwali gives way to the wedding rush.
Firecrackers, especially popular in Uttar Pradesh, are set to sell over Rs 10,000 crore. Regional festivals such as river worship and Chhath rituals in UP and Bihar also give local economies a boost.
Babulal Gupta said the festive surge started with Dussehra on October 2 and will carry through Chhath (Oct 25‑28) into weddings. He highlighted that farmers bring fresh harvests of paddy, millet, soybean, maize and pulses during this period, further spurring market activity in both rural and urban areas.
“Festival mood and strong demand for Indian‑made goods are fueling economic activity across sectors,” said BUVM’s general secretary Mukund Mishra. He added that Swadeshi is now more than a symbolic gesture—it’s reshaping retail and showing India’s resilience and consumer strength.
With retail confidence high and markets pulsing with festive energy, this season isn’t just about celebrations; it’s a powerful sign of India’s growing economic momentum.
Source: ianslive
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