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The Economic Times

Economy / The Economic Times

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India braces for first Diwali after Gulf war with tighter budgets

As households prepare for Diwali, rising food prices and travel expenses are impacting festive budgets significantly. Increased costs for essential items like vegetables and sweets are leading to reduced discretionary spending. E-commerce platforms have recorded lower sales compared to last year, indicating a shift in consumer behavior. Airfares for major domestic routes have risen drastically, complicating travel plans for families.

19 Oct 2026 3:42 pm