 "Industry analysts project the new GST rates could increase sales by 15-20% as retailers pass savings on to buyers. | File Image")
The recent cuts in goods and services tax (GST) slabs have spurred demand momentum in the country, with Diwali 2025 sales expected to surpass ₹4.75 trillion, said the Confederation of All India Traders (CAIT) on Friday.
“Both direct and indirect taxes have gone down after the income tax rebates announced in the Budget this year and the GST rate cuts. All this has come as a big relief to both consumers and retailers. It has, in turn, boosted consumption during the crucial festival season,” Praveen Khandelwal, secretary general of CAIT, told Business Standard.
Over the past four years, Diwali sales
