{"id":240982,"date":"2025-11-03T08:22:18","date_gmt":"2025-11-03T08:22:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/240982\/"},"modified":"2025-11-03T08:22:18","modified_gmt":"2025-11-03T08:22:18","slug":"modi-tax-cut-fuels-68-billion-festival-shopping-boom-in-india","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/240982\/","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":240983,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[6299,84,2340,4229,1294,80,308,101571,101570,26480,2023,1758,101569,56,54,55],"class_list":{"0":"post-240982","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-automotive","9":"tag-business","10":"tag-chief-financial-officer","11":"tag-economics","12":"tag-economy","13":"tag-government","14":"tag-india","15":"tag-mahindra-mahindra-ltd","16":"tag-maruti-suzuki-india-ltd","17":"tag-mumbai","18":"tag-retail","19":"tag-shopping","20":"tag-tax-cuts","21":"tag-uk","22":"tag-united-kingdom","23":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/240982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=240982"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/240982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/240983"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=240982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=240982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=240982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}