{"id":119617,"date":"2025-11-05T17:30:14","date_gmt":"2025-11-05T17:30:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/119617\/"},"modified":"2025-11-05T17:30:14","modified_gmt":"2025-11-05T17:30:14","slug":"indias-tax-cuts-fuel-diwali-spending-surge","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/119617\/","title":{"rendered":"India\u2019s Tax Cuts Fuel Diwali Spending Surge"},"content":{"rendered":"<p> (<a style=\"color:black\" href=\"https:\/\/menafn.com\" target=\"_blank\" rel=\"nofollow noopener\">MENAFN<\/a>) India experienced a notable rise in consumer expenditure during Diwali, the country\u2019s largest festival, following recent reductions in consumption taxes, a media outlet reported on Monday, referencing data from retail analytics platform Bizom.<\/p>\n<p>From September 22 to October 21, consumer spending grew by 8.5% compared to the same timeframe last year. <\/p>\n<p>According to the report, total retail sales reached $67.6 billion, with jewelry, electronics, clothing, home furnishings, and sweets emerging as the top-performing segments.<\/p>\n<p>The significant increase in demand is linked to the tax reforms announced by the Indian government in September, aimed at protecting the economy from the 50% tariffs imposed by US President Donald Trump.<\/p>\n<p>New Delhi lowered the Goods and Services Tax on nearly 400 product categories, marking the first substantial tax reduction in almost ten years. <\/p>\n<p>Taxes were cut on most household items, which encouraged consumers to spend more ahead of the festival season.<\/p>\n<p>The immediate impact of the tax cuts was evident in vehicle sales, with leading automakers such as Maruti Suzuki, Tata Motors, and Mahindra &amp; Mahindra reporting strong growth. <\/p>\n<p>Tata Motors delivered over 100,000 cars, while M&amp;M saw a 27% rise in tractor sales, boosted by a favorable monsoon and the tax cuts, the media outlet added.<\/p>\n<p><a style=\"color:black\" href=\"https:\/\/menafn.com\/1110297749\/Indias-Tax-Cuts-Fuel-Diwali-Spending-Surge\" target=\"_blank\" rel=\"nofollow noopener\"><\/p>\n<p>MENAFN05112025000045017167ID1110297749<\/p>\n<p><\/a><\/p>\n<p>  <\/p>\n<p> Legal Disclaimer:<br \/><a href=\"https:\/\/menafn.com\/\" target=\"_blank\" rel=\"nofollow noopener\">MENAFN<\/a> provides the<br \/>\n              information \u201cas is\u201d without warranty of any kind. We do not accept<br \/>\n              any responsibility or liability for the accuracy, content, images,<br \/>\n              videos, licenses, completeness, legality, or reliability of the information<br \/>\n              contained in this article. If you have any complaints or copyright<br \/>\n              issues related to this article, kindly contact the provider above.<\/p>\n","protected":false},"excerpt":{"rendered":"(MENAFN) India experienced a notable rise in consumer expenditure during Diwali, the country\u2019s largest festival, following recent reductions&hellip;\n","protected":false},"author":2,"featured_media":117162,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-119617","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/119617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=119617"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/119617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/117162"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=119617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=119617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=119617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}