economic importance of diwali

Anfostar Team Sat Oct 15, 2022
economic importance of diwali
economic importance of diwali

The festival of Diwali marks a major shopping period in India. In terms of consumer purchases and economic activity, Diwali is equivalent to "Christmas" in the West.

This festival is a time for new clothes, household items, gifts, gold and other big purchases.

Spending and buying are considered auspicious on this festival as Lakshmi is considered the goddess of wealth, prosperity, and investment.

Diwali is the biggest season for buying gold and jewelry in India.

The purchase of sweets, 'candies' and fireworks are also at their peak during this period. Every year during Diwali, firecrackers etc. worth five thousand crores are consumed.

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