India's festive spending expected to hit ₹14 lakh crore
India's festive season spending is poised to surge to between ₹12 lakh crore and ₹14 lakh crore this year, fuelled by improved consumer sentiment following GST rate cuts, according to a Bank of Baroda report. "We estimate...a major proportion of this spending being accounted for by wedding-related expenses," it added. Strong demand is expected for clothing, automobiles and electronic goods.