New Delhi, Oct 18 – A sharp cut in GST rates has lit up India’s retail scene, turning Navratri into the biggest shopping wave in recent years across cars, electronics and online stores.
Sellers say festive sales could top ₹7 lakh crore, while digital payments leapt from ₹1.18 lakh crore on September 21 to ₹11.31 lakh crore the next day as shoppers rushed to use the tax break. In Delhi alone, navratri sales hit about ₹75 000 crore, and Ahmedabad saw a near‑10 % jump in cotton fabric sales after the GST cut on garments under ₹2 500.
Automobiles and durables on the rise
- The Federation of Automobile Dealers Associations (FADA) reports a 34 % YoY surge in navratri car sales – the biggest growth ever for the sector.
- Maruti Suzuki India doubled its deliveries from the previous year, shipping 165 000 cars in just eight days, including 30 000 on Ashtami. Two‑wheeler sales also doubled at showrooms.
- Consumer durable sales climbed 40‑45 %, driven by premium products. Major electronics brands logged double‑digit growth.
E‑commerce thrives
Amazon India reports a 29 % rise in same‑ and next‑day deliveries in metros and a 37 % increase in two‑day delivery to tier‑2 and tier‑3 cities.
Market reaction
Investor sentiment stayed buoyant, with the Nifty‑50 hitting a 52‑week high of 25 709. Strong foreign inflows, a firmer rupee, and the festive demand helped lift stocks. Lower taxes on essentials relaxed household budgets, energising local supply chains and giving a boost to Made‑in‑India products across the market.
The GST reduction is proving a powerful driver of consumer spending and keeping India’s retail sectors on an upward trajectory.
Source: ianslive
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
