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India's festive season and upcoming wedding period are projected to generate a turnover exceeding Rs 7 lakh crore, according to trade body Bhartiya Udyog Vyapar Mandal (BUVM). BUVM national president Babu Lal Gupta said that the festive season has brought robust momentum to markets across the country, and a turnover of Rs 7.58 lakh crore across various sectors is expected. On Tuesday, the national trade body released a report based on a market survey conducted across the country. "A combination of high consumer sentiment, growing preference for local products and improvements in the GST regime have significantly boosted retail and wholesale trade," he said. Gupta said the positive sentiment is reflected across sectors, ranging from automobiles, real estate, and grocery essentials to jewellery, electronics, traditional decor, apparel and dry fruits. He said domestic manufacturers, particularly small and medium enterprises, are witnessing rising demand, especially in tier-2 and tier