business ποΈ India's festive spending is hitting new highs
Indian consumer spending is booming across various sectors during the festive season. Car sales are up 20% year-on-year, while appliance sales rose by 12-15% in India. Online festive retail is projected to cross $90 billion in 2026, showing 25% growth. Consumers are prioritizing home upgrades and premium products over just functional buying. This trend suggests a more discerning yet spendthrift approach to festive shopping.