People visit a crowded Sarojini market to shop ahead of the Diwali festival, in New Delhi (Photo: PTI)
Shoppers across the country bought products worth Rs 1.25 trillion this Diwali, helping retailers log decade-high sales — a sign of resilient demand even as inflation remains high.
The Confederation of All India Traders (CAIT), which represents about 70 million traders, said the tremendous sales response came as a much-needed breather for retailers facing a slowdown for the past two years. It has also made businesses optimistic about the near future.
Traders are now gearing up for the wedding season, scheduled to start from November 14, said CAIT.
“During Diwali this year, there is an estimated business of about Rs 1.25 lakh crore
First Published: Nov 05 2021 | 6:11 PM IST