Festive boost to economy: Indians splurge big on cars, smartphones and TVs ...Middle East

The Times of India - News
Festive boost to economy: Indians splurge big on cars, smartphones and TVs
India's festive season spending is driving growth in the country's economy, with consumers splurging on cars, smartphones, and TVs. Online sales platforms like Amazon and Flipkart have seen a nearly 20% increase in sales during the first week of festive sales compared to last year. Digital transactions have also surged by about 40% in October. The strong spending is attributed to easing inflation, rising wages, and government initiatives to support farmers and rural areas.

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