Diwali 2023: How Reduced GST and Changing Consumer Preferences Are Reshaping Festive Gifting Trends

Oct 18, 2025 10:40 pm CST

This comprehensive article explores the evolving landscape of Diwali gifting in 2023, highlighting how reduced GST rates and changing consumer preferences are influencing purchasing decisions. From traditional mithai and dry fruits to wellness products, personalized gifts, premium electronics, and luxury spirits, retailers across India are reporting significant sales growth as shoppers balance meaningful gifting with budget considerations during the festive season.