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No space to set foot in the markets, the glow of the festival on the faces, and the never-ending busyness of the shopkeepers… Yes, the real magic of Diwali has begun! And this time this magic is not only going to enhance the homes but also the economy of the country.
There will be ‘money rain’ worth Rs 7.58 lakh crore in the markets this Diwali!
This is not a small figure! The Business Chamber of India (BUVM) has released a report in which it is estimated that this festive and wedding season there will be a surge in the markets across the country. Rs 7.58 lakh crore There is going to be record breaking business. This figure has come out after a survey from big cities like Delhi, Mumbai, Ahmedabad, Jaipur to small towns.
So why is this purchase of happiness happening?
The reason behind this is not just festivals, but many others also:
- People are enthusiastic about spending openly after two years.
- People’s love for ‘Made in India’ and local products has increased.
- The exemption in GST has also given a new impetus to the market.
So what are Indians buying?
This time’s shopping list has everything!
- Cars and Bikes (King of the Roads): Cars are at the top of this list! Alone by combining car, bike and e-rickshaw Rs 1.30 lakh crore Sales are estimated at Rs.
- Apna Ghar (Dream Home): Real estate is at number two. People are enthusiastically buying new houses or constructing old ones. in this sector 1.20 lakh crore A turnover of Rs. is expected.
- Everything else: Apart from these, people are also spending lavishly on gold-silver, mobile-laptop, new clothes, home decoration and sweets.
There is excitement not only in cities but also in villages!
Shopping this time is not limited to just big cities. Due to the money coming into the pockets of farmers after the harvest and weddings in the villages, rural markets are also becoming vibrant. From the potters making earthen lamps to the local artisans, everyone is happy on their faces.
Firecrackers worth ₹10,000 crore will be burst in Uttar Pradesh!
The business of firecrackers is also skyrocketing this time. in Uttar Pradesh alone Rs 10,000 crore The sale of firecrackers is estimated to be more than Rs.
This is not just a story of big business. This is also the story of that small lamp maker, sweet seller and clothes shop owner, whose Diwali is going to be really ‘happy’ this time!
North India Statesman