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๐ช๐ช Happy Diwali ๐ช ๐ช ๐ฎ๐ณ India saw record-breaking consumer spending across sectors, with estimated retail sales totaling approximately โน3.75 lakh crore ๐ฐ Hereโs a breakdown of revenues by key sectors for the Diwali period ๐ 1. Food and Groceries: Contributed around 13% of the total, amounting to about โน48,750 crore. This includes increased spending on sweets, dry fruits, and other festive foods ๐ 2. Jewelry: Contributed around 9%, totaling approximately โน33,750 crore. Many consumers consider this an auspicious time to buy gold and silver. ๐ 3. Textiles and Garments: Representing about 12%, this sector saw around โน45,000 crore in revenue as people shopped for new clothes and traditional wear. โก 4. Electronics & Mobiles: With about 8% of sales, this sector earned an estimated โน30,000 crore, boosted by holiday discounts and promotional offers. ๐ 5. Home Decor and Furnishings: These sectors contributed 3% and 4%, respectively, as consumers invested in beautifying homes and upgrading interiors for the festive season. ๐ 6. Automobiles and Electricals: This sector, which also covers toys and hardware, captured around 20% of the total spending. Diwali is traditionally a popular time for purchasing vehicles and household appliances. ๐ Overall, festive spending provided a significant boost across both traditional and modern retail sectors, supported by MSMEs and e-commerce channels, which helped amplify accessibility and reach for smaller sellers. ๐
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