{"id":119029,"date":"2025-11-03T08:09:09","date_gmt":"2025-11-03T08:09:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/119029\/"},"modified":"2025-11-03T08:09:09","modified_gmt":"2025-11-03T08:09:09","slug":"modi-tax-cut-fuels-68-billion-festival-shopping-boom-in-india","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/119029\/","title":{"rendered":"Modi Tax Cut Fuels $68 Billion Festival Shopping Boom in India"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">India\u2019s <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-08-15\/modi-says-india-to-cut-levy-on-goods-and-services-in-new-reforms\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">sweeping consumption tax cut<\/a> 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% import levy by the US.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Spending between Sept. 22 and Oct. 21 \u2014 the period between the Hindu festivals of Navratri and Diwali \u2014 increased 8.5% from the same time last year, according to data from retail intelligence platform Bizom shared with Bloomberg News. <\/p>\n","protected":false},"excerpt":{"rendered":"India\u2019s sweeping consumption tax cut drove shoppers to splurge on items from cars to kitchenware during the month-long&hellip;\n","protected":false},"author":2,"featured_media":119030,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[586,72,21323,4990,113,1523,61,2568,60,71271,71270,17652,4674,507,55802],"class_list":["post-119029","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-automotive","tag-business","tag-chief-financial-officer","tag-economics","tag-economy","tag-government","tag-ie","tag-india","tag-ireland","tag-mahindra-mahindra-ltd","tag-maruti-suzuki-india-ltd","tag-mumbai","tag-retail","tag-shopping","tag-tax-cuts"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/119029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=119029"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/119029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/119030"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=119029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=119029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=119029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}