1. Cars up 20%, appliances 15%, travel up 39%: India's festive spending surges

Cars up 20%, appliances 15%, travel up 39%: India's festive spending surges

Business

  • Car retail sales rose 20% year-on-year in the first phase of India’s festive season, signalling strong demand.
  • Refrigerator, air-conditioner and washing-machine sales grew 12–15%, while their value sales rose 18–23%.
  • Apparel and footwear sales also recorded strong double-digit growth as festive shopping picked up across India.
  • Travel and group bookings surged 39%, adding to the wider festive-season spending boom.

Source: news18.com

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