Diwali 2025 blockbuster – A festive tale for India Inc and shoppers directed by tax magic - The Economic Times

This Diwali turned out to be a blockbuster for retailers, with rate cuts under the Goods and Services Tax (GST) giving consumption a noticeable push and encouraging middle-class families to fill their shopping bags with a wider range of products. Shoppers spent freely across categories — from lab-grown diamonds and casual wear to home furnishings — bringing both mass and premium markets to life. R…