India, Oct. 9 -- LUCKNOW With major goods and services tax (GST) reforms effective since September 22, businessmen are highly optimistic for increased footfall and stronger Diwali sales. The new tax structure, which simplifies rates and lowers them on many common products, has already boosted consumer sentiment in the automobile, electronics and precious metals sectors during Navratri, leading to a surge in early festive sales.

Federation of Automobiles Association (FADA) executive member Vinkesh Gulati said the market has recorded good pre-booking numbers ahead of the festival. "Due to GST 2.0, this Navratri has been promising for the auto industry. Compared to last year, sales during the nine-day festival have grown by nearly 20% (four...