Indian shoppers were in spending mode this festival season. Be it gold, vehicles, consumer durables, home decor, garments, electronics and even sweets and snacks, all categories witnessed a sharp surge in buying as compared to last year.
According to estimates from the Confederation of All India Traders, business worth Rs 1.25 lakh crore was clocked in the period from the first day of Navratri till Dhanteras and on the Dhanteras/Diwali weekend alone, Rs 45,000 crore worth of sales were recorded.
This was led by jewellery sector, which recorded Rs 25,000 crore worth of sales and automobiles, electronics, sweets and snacks, etc. made up the rest.
Watch the accompanying video of CNBC-TV18’s Shilpa Ranipeta for more details.