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flag Indian consumers bought record amounts of premium electronics during Diwali, driven by lower taxes, easy financing, and rising confidence.

flag Indian consumers spent heavily on premium electronics during Diwali, with high-end smartphones, large TVs, and appliances selling in record numbers. flag 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. flag Premium appliance sales surged 45–50%, driven by lower GST rates, improved confidence, and easy financing, with many items selling out. flag E-commerce platforms reported strong growth, and 64–65% of premium purchases used no-cost EMIs. flag A major bank saw a 4% drop in non-interest income but expects double-digit growth in unsecured lending.

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