Diwali sales spike 20% to Rs 30,000 cr; volume crosses over Rs 5,000 cr in Delhi alone: Traders body CAIT
In 2017, the total sales during Diwali stood at Rs 25,000 crore, CAIT secretary general Praveen Khandelwal said in a statement on Thursday.
This will be a 5 day sale that will start on 24 October, and end by 28 October midnight.
Diwali shopping: Has festival of lights boosted sales? Yes, say modern retailers; dampener, say small traders
While modern retail says that there have been a 12-14 percent increase in sales, there are many who insist that the numbers are nowhere near 2016 figures and vouch for a sharp 40 percent decline.
GST glitches, cash shortage hit shopping, traders see sharp 40% fall in pre-Diwali sales across country
With just 3 days for Diwali, "markets across the country are gloomy, having a deserted look with very less festivity and less foot fall of the consumers", CAIT said.
E-tailers are on track to generate highest-ever monthly sales over the course of the festival period this year
After the last 5-day sale conducted just a week ago, Snapdeal is back with another sale that starts from 12 October through 14 October.
Automakers sold 172,459 cars in October, up 23.1 percent from a year earlier, the first rise in three months