The minister said that data from all retail chains shows there were 20-25% more sales in comparison to last Navaratri and there are many such categories, like 85-inch TV where stocks were completely sold out.
“The increase in demand for electronics goods is directly impacting electronics manufacturing. Electronics manufacturing is now growing at a double-digit CAGR. It is very likely that the consumption will increase more than 10% this year, which means, there is a high possibility of Rs 20 lakh crore extra consumption compared to last year,” Vaishnaw said.
He was speaking at a joint press conference with Finance Minister Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal on savings due to GST reforms which came into effect from September 22, 2025
