The retailers report a significant increase in sales and attendance since September 22, when lower TST rates have entered into force. Combined with income tax reductions announced in the budget, reforms have triggered optimism in the retail sector. Hope: that this festive season will bring joy not only to houses, but to results.
Pushpa Bector, Senior Executive Director, DLF Malls, said: “People are, I think, a little relieved both due to the reduction in income tax rates. Can I add the central government’s remuneration commission and the other, of course, the GST Bonanza. I see that people are to savor what happened and really understand that, yes, there is more money in their wallet and therefore it is a good devil. ”
She added: “At the same time, DLF launched the DLF Shopping Festival to give value and excitement to consumers and the new DLF award or loyalty program, which will help customers have unique offers. The time for the holiday season and a good wedding season give us confidence that this quarter should see the same quarters of last year.”
Echoing this feeling, Arjun Gehlot, director of the mood centers, noted: “On a point of view, we have found an increase of 15% since the reductions of the GST was announced. 1 Lakh of people on Friday, Saturday and Sunday each.
Shopping centers and stores amplify the momentum with their own offers, loyalty programs, discounts and shopping festivals. Although the luxury brands remain stable, it is the buyers of the segment at mid-weight who lead the push.
“With an overall increase of more than 8% and sales that disclose up to 30% compared to last year, the festival brought remarkable results. With 60% LED panels, 100% refrigerators and washing machines of 30%, electronic items are observed as the most efficient category,” said Abhishek Bansal, director general of peaceful power plants.
(Edited by: Ajay Vahnav))
Posted for the first time: October 6, 2025 19:36 It
