New Delhi, Oct. 18 -- Prime Minister Narendra Modi's strategic GST rate cuts have unleashed an unprecedented wave of consumer spending, transforming this year's Navratri into one of the most spectacular shopping festivals in recent memory, and fueling anticipation for a historic Diwali bonanza.
With inflation cooling to an eight-year low-CPI at a mere 1.54 percent and food inflation plunging into negative territory at -2.3 percent-households across India found their wallets breathing easier.
This financial relief paved the way for an exuberant festive spirit and soaring expenditure. The impact was immediate and dramatic. Festive and wedding season turnovers are projected to surpass a staggering Rs 7 lakh crore, marking India's largest con...