Today, Janmashtami is celebrated with great pomp and grandeur across the country. Temples have been beautifully decorated, and devotees have equally adorned their home altars and prayer spaces. According to the Confederation of All India Traders (CAIT), this auspicious occasion led to a remarkable business turnover of over ₹25,000 crores nationwide.
High Demand Products During Janmashtami
Praveen Khandelwal, National Secretary of CAIT and Member of Parliament from Chandni Chowk, highlighted that the substantial business generated during Janmashtami involved a wide range of products. These included flowers, fruits, sweets, attire for deities, decorative items, fasting snacks, milk, yogurt, butter, and dry fruits. Khandelwal emphasized that festivals like Janmashtami play a vital role in the country’s sanatan economy and significantly strengthen the overall economic landscape.
Insights from CAIT’s National President
B.C. Bhartia, the National President of CAIT, remarked on the exuberant celebrations of Janmashtami across the country, particularly in North and West India. The temples were adorned with captivating decorations, and devotees flocked to offer their prayers. The unique highlights of this festival included digital displays, selfie points with Lord Krishna, and various mesmerizing tableaux. Cities teemed with devotional singing, religious dances, and a continuous flow of discourses from saints and spiritual leaders. Many social organizations organized large-scale celebrations to mark this significant occasion.
Market Momentum on Janmashtami
It’s worth noting that the festive spirit extended into the Indian stock market as well. Both indices—Sensex and Nifty—showed remarkable starts on this special day. The Bombay Stock Exchange’s 30-share Sensex soared by over 600 points, while the Nifty surged past the 25,000 mark. When trading concluded for the day, the Sensex concluded with an increase of 611 points, and the Nifty gained 187 points. Among large-cap companies, TCS and Bajaj Finserv stocks exhibited the most significant growth.
Conclusion
The overwhelming celebration of Janmashtami not only reflects the cultural richness of India but also its economic vitality. Festivities like these foster community spirit and contribute positively to both local and national economies.
