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Clothes, Furniture, or Appliances: What's on India's Festive Shopping List This Year?
Sentiment: NeutralHigh Priority
What Happened?
As Diwali approaches, Indian households are preparing for festive shopping, with a survey indicating a 6% decrease in overall spending this year. Fashion tops the list of priorities.
Key points
- Overall festive spending in India is expected to fall to ₹1.97 lakh crore in 2026, down from ₹2.10 lakh crore in 2025.
- 72% of households plan to buy clothing, footwear, or accessories this festive season.
- 45% of respondents intend to purchase home appliances and furniture.
- 83% of households planning to spend will use their savings for festive purchases.
- Retail inflation rose to 5.54% in September 2026, impacting household budgets.
Key insights
- The decrease in festive spending may indicate a shift in consumer priorities due to economic pressures.
- Households relying on savings for festive purchases could affect overall retail sales during the season.
- The focus on fashion and home appliances suggests a trend towards practical spending in uncertain economic times.
Why it matters
The findings highlight changing consumer behavior amid rising prices and tighter budgets.
Source
India Today
