Nagpur: The celebration of Gudi Padwa turned into a massive economic windfall for Nagpur, as the city witnessed an extraordinary surge in consumer spending, clocking an estimated Rs 300 crore turnover in a single day.
Markets across the city buzzed with activity from early morning, with shoppers thronging jewellery stores, automobile showrooms, real estate offices, and electronics outlets, reflecting both festive spirit and strong purchasing power.
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Even soaring gold and silver prices failed to dampen enthusiasm. Jewellery markets alone recorded nearly Rs 100 crore in business within Nagpur. According to Rajesh Rokde of the All India Gems and Jewellery Domestic Council, the festive day generated Rs 1,000 crore across Vidarbha and a staggering Rs 22,500 crore nationwide.
From coins to intricate ornaments, around 3,000 traders and leading showrooms reported heavy footfall and brisk sales.
Auto sector rides festive momentum
The automobile sector too saw impressive traction. As highlighted by Achal Gandhi of the Vidarbha Automobile Dealers Association, advance bookings translated into strong deliveries, around 1,000 four-wheelers and over 3,000 two-wheelers, including nearly 500 electric vehicles (EVs) hitting the roads on the auspicious day.
Realty & electronics join the surge
The real estate market capitalised on the auspicious timing, recording over 400 property registrations. Demand remained high for residential plots, apartments, and premium duplex homes, with many families choosing the day for housewarming ceremonies.
Meanwhile, the rising summer heat pushed up sales in the electronics segment. Air conditioners, refrigerators, large-screen smart TVs, laptops, and premium smartphones witnessed significant demand, adding to the festive commercial boom.
Strong sentiment for the future
This year’s Gudi Padwa has emerged as a game-changer for Nagpur’s economy, surpassing previous years in both scale and sentiment. Traders and industry stakeholders are optimistic that this robust momentum will carry forward into the upcoming festive season, keeping markets vibrant and growth on track.
