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Modi Govt’s NextGen GST Reforms Propel India’s Consumer Economy To Decade-High Navratri Sales
['Aman Sharma']
Latest News in news18.com, Latest Latest News, Latest News
(Representational image/News18)India’s consumer economy achieved its highest Navratri sales in over a decade, driven by record consumption across the automobile and consumer electronics sectors.
The company delivered a massive batch of 1.65 lakh vehicles in the first eight days.
Consumer Electronics Sector Witnesses Explosive GrowthThe consumer electronics and appliance space recorded high double-digit sales growth, with retailers reporting an exceptional appetite for large, aspirational products:Haier: Sales soared by 85%.
Vijay Sales: The electronics retail chain also recorded a sales growth exceeding 20%.
As a result, brands and retailers reported sales growth ranging from 25% to 100%, delivering a major boost to India’s consumption-driven economy.