Industry organization Bharatiya Udyog Vyapar Mandal (BUVM) has estimated that there will be a business of more than Rs 7 lakh crore across the country in the current festive and upcoming wedding season.

National President of the Board, Babulal Gupta said that with the beginning of the festive season, tremendous enthusiasm has returned to the markets of the country and a total business of Rs 7.58 lakh crore is expected in various sectors. This estimate is based on the market survey conducted by the board across the country, the report of which was released on Tuesday.

Boost to economy from festive season

Babulal Gupta said, “Increasing purchasing power of consumers, increasing interest towards local products and improvement in GST system have given new strength to retail and wholesale trade.” He said that there is a tremendous jump in sales in all sectors like vehicles, real estate, grocery, jewellery, electronics, traditional decorations, apparel and dry fruits. Especially in small and medium cities, the demand for products of domestic manufacturers has increased rapidly.

The demand for traditional handmade items like earthen lamps and idols has also increased due to festive traditions. At the same time, sales have been strong in rural markets also due to increase in income after harvest and marriage expenses. Gupta said that the sale of firecrackers is also making an important contribution to the overall business. Sales in this sector are estimated to be more than Rs 10,000 crore in Uttar Pradesh alone.

Boom from real estate to automobile

He further said that the automobile sector — which includes cars, two-wheelers and e-rickshaws — leads the way with estimated sales of about Rs 1.30 lakh crore. After this, real estate and construction materials sector is in second place with a turnover of Rs 1.20 lakh crore.

The turnover of essential commodities is estimated to be around Rs 1 lakh crore. Gupta said that from metros like Mumbai and Chennai to small towns in North India, shopkeepers are seeing a significant increase in demand for fireworks and festive goods. The festive season has started with Navratri and this momentum is expected to continue further due to the wedding season after Diwali.

The special committee of the board has prepared this estimate on the basis of data received from major business centers like Delhi, Mumbai, Chennai, Ahmedabad, Bengaluru, Hyderabad, Jaipur, Chandigarh, Kanpur, Patna, Indore, Raipur, Ranchi, Haridwar, Tripura and Cuttack. Traders in these cities helped create national estimates by sharing local sales trends.

Preparations for Bihar assembly elections have now intensified. In this episode, Chief Election Commissioner (CEC) will visit Bihar on 4 and 5 October along with Dnyanesh Kumar, Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi. During this time, the team of the Commission will review the administrative and security arrangements in the state.

This high -level tour is taking place at a time when the Election Commission is going to release the final voter list on 30 September on the basis of special intensive revision (SIR). Opposition parties have questioned this process, alleging that millions of real voters can be deprived of it. However, the Election Commission has dismissed these allegations outright and said that the aim of SIR is to make the electoral system more transparent.

Commission team will assess the ground situation

The current term of Bihar Legislative Assembly ends on 22 November. In such a situation, new assembly elections are set to be held in the state. According to officials, the Commission team will sit with senior administrative and police officers of the state in Patna and assess the ground situation. This process is usually done before the formal announcement of the election.

Elections can be held in three to four stages

Sources say that after the visit of Bihar, it is possible to announce the election schedule by the Election Commission in a few days. Based on previous experiences, it is expected that this time also elections can be held in Bihar in three to four stages. However, this time there is also a challenge of festivals before the Commission because the electoral atmosphere will be between big festivals like Diwali and Chhath. The commission is already alert to protect voters from any inconvenience.

How many stages were held first?

The history of assembly elections in Bihar has also been witness to phased voting. In the year 2020, elections were held in three phases on October 28, 3 November and 7 November. The results were declared on 10 November. At the same time, elections were held in five phases in 2015, while in 2010, voting was held in six phases. In 2005, elections were held in three phases in February twice and in three phases in October.

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India’s Urban Households to Spend: Amidst the steps taken for the GST reform, this news is going to prove to be a booster dose for the Indian economy. Between September and November, people of urban areas of the country are going to spend around 2.19 lakh crores (about $ 24.8 billion) within the next three months. According to the survey report of local circles, this figure is about 18 percent more than last year.

Last year, during this period, Rs 1.85 lakh crore was spent by people from urban areas. Meaning this time, about 73000 crore people are going to spend more.

Booster dose in this festive season

During the survey, 2 lakh people of 44 thousand houses were questioned and feedback were taken from them, in which 319 districts across the country were included. The most important thing is that during this survey, most of the men who responded to one third were women while two of the five were women.

It included 70 percent people from Tier-1 and Tier-2 cities while the rest were Tier-3 and Tier-4 people. The total average estimated expenditure of all these has been withdrawn based on the family living in urban areas of the country and their average expenditure pattern.

Why this year an increase in spending by 18 percent?

During the survey, there were about 15 percent of the people who indicated that their expenses can be below about 50 thousand to 1 lakh. Whereas, 25 percent of the people said that they will spend 20 thousand to 50 thousand rupees in the festive season during the next three months. The special thing is that in the report, it has been told that the reason for the increase in expenditure in the festive season is a plan to spend 20 thousand rupees above the families of urban areas, which is an increase of about 11 percent compared to the previous year.

The report said that due to the increase in spending in the festive weather, there is an increase in income and an increase in the sale of e-commerce. This year, Rakshabandhan also saw an increase of 75 percent in the expenses of people and it has increased to Rs 21000 crore in 2025 this year as compared to 12000.

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There is a smell of sweets in the air, the shopping malls are adorned with sparkling lights, and your calendar is just filled with festive dates – yes, the festival season has arrived! This time of the year comes with a list of longer expenses than your shopping bill to share happiness, meet your loved ones and yes. But there is nothing to worry – Personal loan in the festive season can become your best companion, with the help of which you can enjoy the celebration in your style.

To make your celebration even more beneficial, Bajaj Finserv has launched the Prime Loan Festival – which is full of great advantages like immediate approval, very special offers and feature rewards.

Festive Bonus: Bajaj Prime + Amazon Voucher*

If you in this festive season Personal loan If you are planning to apply for, then there is another good news for you here. You get these benefits by applying through Bajaj Finserv:
⦁ Bajaj Prime Membership*
⦁ 200* Amazon voucher of Rs. 200*
This means that you will get additional rewards on everyday expenses – that is, now you have many other reasons to celebrate.

Why choose a personal loan in this festive season?

The festival does not just mean the rituals – this is also an opportunity for you to improve your lifestyle, share happiness with your loved ones and enjoy every moment. Then you want:
⦁ Want to give a new look to your home for this festive environment
⦁ Want to buy a new smartphone or smart TV in the cell
⦁ Want to give a special gift to your family
⦁ You are planning to go somewhere suddenly on festivals
⦁ Or you are thinking about handling many small expenses simultaneously

Personal loan allows you to meet all such expenses, without spending a single penny from your deposits. What is even better? Today, you do not have to run away from one branch to another by taking a lot of documents. You can apply online, can get approval within a few minutes, and you can get the loan amount immediately in your account. This process is very easy, fast and completely digital.

Personal loan will be available immediately without any hassle – know how

Getting personal loans in the festive season has become much easier than ever. Let us know the reason for this:

1. soon approval and immediate payment

You can apply online in a few minutes, and if you are eligible to get a loan, then the loan amount is sent directly to your bank account-sometimes in only 24 hours,* loan amount is available.

2. Very low paperwork

There is no need for a lot of documents for this. All you need is your identity card, proof of address and income certificate. This whole process without paperwork is really very easy.

3. Loan amount as per the need

Whether you need money for any big purchase, or you need money for different types of expenses during festivals, you can take a personal loan of up to Rs 55 lakh according to your need.

4. Time frame as per convenience

To pay the loan amount, with a time limit of 12 months to 96 months, you can choose an EMI plan according to your budget. Now you do not have to worry about the pressure on your income every month.

Use Personal Loan Eligibility Calculator before applying

Before clicking on the ‘Apply Now’ button, Personal Loan Eligibility Calculator Knowing your situation with the help of will be a sensible step. The use of this online tool is very easy, in which you just have to fill some basic information like your date of birth, income of every month and the city of your residence – after that it tells you whether you are eligible to get a loan or not and how much you can get a loan.

This step helps you plan well and saves your time during the application process. In this way you can also guess your EMI, and in this way you can handle the post -festivals and festivals with freshly fresh.

Keeping in mind

⦁ Always take the same amount as a loan, as you can pay comfortably. Just avoid spending more because the loan gets immediate approval.
⦁ Use Personal Loan Eligibility Calculator to estimate the ability to repay your loan.
⦁ Before taking a loan, compare the interest rates and read the terms and conditions.

Final view: Celebrate, forget anxiety

The festive season should be to make every moment memorable, and you should get rid of your bank balance worry. You can complete your plans immediately by taking a personal loan, without finishing your deposits and without any delay. Not only this, this year’s celebration has become even better with the additional benefits of Bajaj Prime Membership* and Amazon voucher of Rs 200*.

Then what is the delay? Learn about your eligibility, apply online, and forget all the troubles and start festivals. Apply for your personal loan today and make this festive season truly memorable.

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[Disclaimer: यह आलेख एक पेड फीचर है, जिसमें व्यक्त विचारों का एबीपी या एबीपी लाइव द्वारा समर्थन या अनुमोदन नहीं किया जाता है. इस लेख में व्यक्त विचारों, घोषणाओं, मतों, दावों या वक्तव्यों आदि के लिए एबीपी या एबीपी लाइव किसी भी प्रकार से जिम्मेदार नहीं है. अतः पाठकों से अनुरोध है कि वे इस लेख की सामग्री को अपने विवेक के आधार पर समझें और निर्णय लें.]