India’s retail sector also experienced Diwali fervour as the festivities were not only felt in case of shopping and decoration but also in the trade sector which saw a boom as the trade touched Rs 5.4 lakh crore in goods and an additional Rs 65,000 crore in services, marking 25% turnover than last year’s Rs 4.25 lakh crore. The numbers were confirmed through the survey by the Confederation of All India Traders (CAIT), according to which the historic numbers were caused by lower GST rates, due to intense push for ‘Vocal for Local’, and a high consumer confidence across Tier 1 to Tier 3 cities.

The survey also found that 87% of consumers were buying Indian-made products, which caused the demand for imported items unusually low, especially

Chinese goods. Indian manufacturers said that a mas

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