Indians Splurge Big on Festive Season Sales, Buoying Economy
- Online sales almost 20% higher than a year ago in first week
- Central bank governor says growth will ‘surprise on upside’
India’s festive season usually runs for several weeks until the Hindu religious holiday of Diwali.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
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India’s festive season spending is booming as consumers splurge on cars, smartphones and TVs, buoying growth in one of the world’s fastest-expanding economies.