By : Uday Bhai Thakkar
Mumbai: India’s festive economy continues to dazzle with confidence and growth.
This Dhanteras, trade across the nation soared past ₹1 lakh crore, marking one of the biggest festive booms in recent years.
According to the Confederation of All India Traders (CAIT), despite global economic pressures and shifting international trade dynamics, Indian consumers showed unmatched enthusiasm and trust in the domestic market.
Gold and silver sales alone crossed ₹60,000 crore, with Delhi’s bullion market accounting for ₹10,000 crore in trade — a 25% increase from last year.
CAIT Vice President Suresh Bhai Thakkar said that every Indian festival carries its own charm, but Dhanteras remains special — a day when purchasing gold, silver, utensils, and puja items symbolizes prosperity and new beginnings.
CAIT Secretary General and MP Praveen Khandelwal added that this year’s record-breaking sales reflect India’s economic vibrancy and deep-rooted cultural traditions.
Jewellery markets saw massive footfalls despite high gold and silver prices. Consumers leaned toward lightweight ornaments, coins, and Swadeshi products, echoing Prime Minister Modi’s “Adopt Indigenous Products” campaign.
From traditional bazaars to modern malls, traders across India witnessed unprecedented demand — not only in jewellery, but also utensils, electronics, appliances, and decorative goods.
CAIT estimates:
Gold & Silver Jewellery: ₹60,000 crore
Utensils & Kitchenware: ₹15,000 crore
Electronics & Electrical Goods: ₹10,000 crore
Decor & Puja Items: ₹3,000 crore
Textiles, Dry Fruits, Vehicles, and Miscellaneous: ₹12,000 crore
Mr. Khandelwal noted that this Diwali season has proven once again that India’s retail sector is not just resilient — it’s roaring with economic energy, cultural pride, and Swadeshi spirit.
