{"id":73884,"date":"2025-09-30T13:01:03","date_gmt":"2025-09-30T07:31:03","guid":{"rendered":""},"modified":"2025-09-30T13:01:03","modified_gmt":"2025-09-30T07:31:03","slug":"bengal-s-2025-durga-puja-economy-rebounds-by-10-15-pc-to-rs-46-000-50-000-cr","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=73884","title":{"rendered":"Bengal\u2019s 2025 Durga Puja economy rebounds by 10-15 pc to Rs 46,000\u201350,000 cr"},"content":{"rendered":"<p>Bengal\u2019s 2025 Durga Puja economy rebounds by 10-15 pc to Rs 46,000\u201350,000 cr<BR>GST<BR>Dated:- 30-9-2025<BR>PTI<BR>Kolkata, Sep 30 (PTI) West Bengal\u2019s Durga Puja economy in 2025 rebounded strongly, expanding by an estimated 10\u201315 per cent to touch around Rs 46,000\u201350,000 crore after a decline last year, stakeholders said.<br \/>\nBuoyant corporate sponsorships, healthy footfalls in malls, rising spending on consumer goods and a positive sentiment among people are major contributors to the growth, they said.<br \/>\nThe festival &#8211; recognised by UNESCO as an intangible cultural heritage- remains a major economic driver for Bengal, thriving retail, hospitality, transport and handicraft sectors, and it is often believed that business activities surrounding the Durga Puja contribute at least a third of the state\u2019s GDP.<br \/>\nState Finance Minister Chandrima Bhattacharya told PTI that Bengal\u2019s Puja economy will definitely &#8220;see strong growth this year&#8221;.<br \/>\n\u201cThis year, the puja economy will definit<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=57375\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>sponsorship market was \u201cvery good,\u201d with major clubs raising rates.<br \/>\n\u201cThe average hike was around 15 per cent. Several big puja committees also raised their rates, but they are more cautious on budgets than last year,\u201d he said.<br \/>\nThis year, analysts and industry insiders estimated that the &#8220;overall puja market would be at Rs 46,000\u201350,000 crore, marking a turnaround with corporate houses returning to offer sponsorships, malls posting healthy footfalls and discretionary spending on consumer goods rising sharply&#8221;.<br \/>\nIn 2024, Bengal\u2019s Puja economy was estimated at around Rs 42,000 crore, contracting by 20\u201330 per cent due to inflation, muted corporate spending and weak sentiment.<br \/>\nThe rape and murder of a doctor at RG Kar hospital and widespread agitations cast a shadow on the festive spirit last year, and businesses were adversely impacted.<br \/>\nNotably, a 2019 British Council report had pegged the Puja-linked creative industries in Bengal at Rs 32,377 crore.<br \/>\nThis year, however, <\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=57375\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>fter the GST rationalisation grew 23\u201325 per cent year-on-year\u2014a four to five-fold jump in growth compared with last year\u2019s muted start.<br \/>\nPremium smartphones and TVs led the surge, with loyalty members driving record demand, it said.<br \/>\nBut beneath the buoyant figures lies a sharp divide\u2014while organised retail, automobiles and corporate advertising thrived, hawkers and small traders said the season was subdued due to a shift in spending towards e-commerce platforms.<br \/>\nThe National Hawkers Federation said the season was \u201cvery bad,\u201d similar to the downturn during the Covid crisis.<br \/>\n\u201cOnline businesses have eaten 40 per cent of hawkers\u2019 income. Even small shopkeepers have suffered badly. A single day of rain in Kolkata ahead of Durga puja made it worse,\u201d federation president Saktiman Ghosh told PTI.<br \/>\nThe city faced unprecedented rain in a single day, which caused a fall in revenue for small businesses.<br \/>\nDespite the overall rise in consumer demand, hawkers and small traders sa<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=57375\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengal\u2019s 2025 Durga Puja economy rebounds by 10-15 pc to Rs 46,000\u201350,000 crGSTDated:- 30-9-2025PTIKolkata, Sep 30 (PTI) West Bengal\u2019s Durga Puja economy in 2025 rebounded strongly, expanding by an estimated 10\u201315 per cent to touch around Rs 46,000\u201350,000<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-73884","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73884"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73884\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}