India's festival spending jumps to $68 bn after GST cuts as demand rises - Business Standard

By Satviki Sanjay India’s sweeping consumption tax cut drove shoppers to splurge on items from cars to kitchenware during the month-long festival season, boosting the economy that was slammed with a 50 per cent import levy by the US.   Spending between Sept 22 and Oct 21 — the period between the Hindu festivals of Navratri and Diwali — increased 8.5 per cent from the same time last year, acco…