A very subdued diwali

The BSE-CMIE-UMich consumer sentiments indices have been pointing to low consumer sentiments and expectations

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Mahesh Vyas

Last Updated : Oct 23 2017 | 11:59 PM IST

It wasn't just me who noticed that this Diwali was spark-less. Less houses displayed lights outside their balconies and those that did, displayed less lights than usual. Less fire-crackers were heard. I checked around with my colleagues, friends and extended family members across the country and got the same experience from everyone, without exception. This Diwali, bazaars were less crowded and the mood was less upbeat.

Newspapers reported that less gold was sold during this Dhanteras and that car sales were lower than expectations. So were the sales of consumer durables. This paper reported yesterday that "this season will probably

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