India records historic Rs 5.4 lakh cr Diwali trade; services add Rs 65k cr boost

India's festive season sales shattered records, reaching Rs 5.40 lakh crore in goods and Rs 65,000 crore in services, a 25% surge from last year. Lower GST rates and a strong 'Vocal for Local' push fueled this boom, with consumers favoring Indian products. This success highlights a robust rebound in retail and consumer spending.

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