The Chamber of Trade and Industry expects festive season business across the nation to touch ₹5 lakh crore.
Traders predict Delhi alone will generate approximately ₹80,000 crore in sales this Diwali.
CTI Chairman Brijesh Goyal confirmed that the ongoing festive period brings massive opportunities for local businesses.
Demand for indigenous items has risen significantly as shoppers choose Indian products over imported goods.
Delhi merchants faced heavy financial losses due to widespread protests and rallies last month.
Traders now expect a booming Diwali season to recover those past business setbacks.
The estimated national turnover incorporates direct retail sales along with allied service industries.
Automobile retail sales registered a impressive 55 percent overall growth across the country.
Two-wheeler and passenger vehicle sales grew by 52 percent and 70 percent, respectively.
Commercial vehicles, three-wheelers, and tractors also recorded strong positive growth trends nationwide.
These rising figures reflect high consumer confidence and strong overall market activity.
Consumers exchanged nearly five crore gifts of varying price ranges during this festive season.
CTI compiled these trade estimates through detailed consultations with several industry associations.
Representatives from hotel, restaurant, cinema, and shopping center sectors contributed valuable input.
Tour operators, market associations, and salon owners also provided critical market insights.
Recent GST reforms gave greater market visibility to locally manufactured Indian goods.
Shoppers are actively buying earthen lamps, deity idols, and traditional home decor items.
Handicrafts made by local artisans and skilled workers are generating significant total revenue.
Electronics, consumer durables, FMCG products, and mobile phones show robust market demand.
Textiles, ready-made garments, footwear, and fashion accessories are reporting high purchase volumes.
Sellers of confectionery, dry fruits, cosmetics, and home furnishings report excellent turnover.
Demand has also spiked for hardware, paints, building supplies, and dairy products.
Protests between October 1 and November 1 caused losses of ₹14,000 crore.
Business activity has accelerated rapidly as massive crowds now flood local wholesale centers.
Historic shopping hubs like Chandni Chowk and Sadar Bazaar report heavy shopper footfalls.
Popular markets in South and North Delhi are witnessing continuous shopping rush.
Automobile showrooms across the capital continue to record high festive delivery numbers.
Rising footfalls across major commercial hubs indicate a complete revival in Delhi trade.
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