India’s Diwali Spending Season Shows a Lingering Pandemic Divide

India’s retail peak season, which culminates right after Diwali, is showing signs of strong shopping despite higher prices. But uneven returns to Indian consumer discretionary spending could pose challenges ahead for the economy, companies and economists say.

This festive season, retail sales in India’s stores are expected to reach around $18 billion, up 50 percent year-on-year and nearly double the pre-pandemic year of 2019, according to the Federation. Indian merchants.

https://www.wsj.com/articles/indias-diwali-spending-season-shows-a-lingering-pandemic-divide-11666269521 India’s Diwali Spending Season Shows a Lingering Pandemic Divide

Edmund DeMarche

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