By Admin 
Diwali Shopping 2025: People did shopping even after the record broker shop on Dhanteras. The situation is that this year the purchasing has reached its all time record. People bought goods worth Rs 5.40 lakh crore (about 65 billion dollars).
According to the data of Confederation of (CAIT), this is the largest business ever in the sector of the country. This is 25 percent more than the record purchase recorded in 2024. CAIT has attributed this to the strong demand from consumers and the recent GST rate cut. A survey by CAIT has revealed that due to reduction in GST, the purchase of consumer goods like confectionery, footwear, home decor has also increased.
People went to shops and did a lot of shopping
About 72 percent of the businessmen included in the survey said that their sales have increased only after the GST was reduced. The crowd of people in shops has increased. Retail traders had about 85 percent share in this entire purchase. Apart from this, the purchasing power of people has also increased as compared to before.
Along with cities, people from rural parts of the country have also contributed about 28 percent to the total business. CAIT said that this huge surge in business has created temporary employment for about five million (50 lakh) people in related sectors like logistics, transport, packaging and delivery. Industry leaders described the Diwali season of 2025 as a big milestone. At the same time, people had made purchases worth Rs 1 lakh crore on the occasion of Dhanteras this year. Gold and silver alone were sold worth more than Rs 60,000 crore, which is considered auspicious to buy on the day of Dhanteras.
Benefit of GST reforms
Let us tell you that in the meeting held on September 3, the GST Council had abolished the tax slabs of 12 percent and 28 percent under indirect tax and recommended only two rates – 5 percent and 18 percent. Due to this, many things of daily use became cheaper. Its objective is to increase demand, which will help in boosting the economy.
Apart from this, under the GST reforms, the government has also kept many products falling in the slabs of 5% and 18% out of the purview of GST. These include UHT milk, chhena-paneer, bread, ready-to-eat roti, ready-to-eat roti paratha and pizza. Apart from this, GST on health and life insurance premium has also been abolished. GST on 33 life saving drugs has also been removed and reduced to zero. These also include medicines for cancer.
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On Dhanteras, people defied inflation and bought goods worth Rs 1 lakh crore; 60000 crore spent on gold and silver