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Indian consumers bought record amounts of premium electronics during Diwali, driven by lower taxes, easy financing, and rising confidence.
Indian consumers spent heavily on premium electronics during Diwali, with high-end smartphones, large TVs, and appliances selling in record numbers.
Sales of smartphones over Rs 30,000 reached 28% of total volume, up from 23% last year, while 43-inch TVs surpassed 32-inch models.
Premium appliance sales surged 45–50%, driven by lower GST rates, improved confidence, and easy financing, with many items selling out.
E-commerce platforms reported strong growth, and 64–65% of premium purchases used no-cost EMIs.
A major bank saw a 4% drop in non-interest income but expects double-digit growth in unsecured lending.
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Los consumidores indios compraron cantidades récord de electrónica premium durante Diwali, impulsados por impuestos más bajos, financiamiento fácil y creciente confianza.