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Correspondent

23 August 2024 at 4:29:04 pm

Festive Surge

India’s bazaars have glittered this Diwali with the unmistakable glow of consumer confidence. The country’s festive sales crossed a staggering Rs. 6 lakh crore with goods alone accounting for Rs. 5.4 lakh crore and services contributing Rs. 65,000 crore. More remarkable still, the bulk of this spending flowed through India’s traditional markets rather than e-commerce platforms. After years of economic caution and digital dominance, Indians are once again shopping in person and buying local....

Festive Surge

India’s bazaars have glittered this Diwali with the unmistakable glow of consumer confidence. The country’s festive sales crossed a staggering Rs. 6 lakh crore with goods alone accounting for Rs. 5.4 lakh crore and services contributing Rs. 65,000 crore. More remarkable still, the bulk of this spending flowed through India’s traditional markets rather than e-commerce platforms. After years of economic caution and digital dominance, Indians are once again shopping in person and buying local. This reversal owes much to policy. The recent rationalisation of the Goods and Services Tax (GST) which trimmed rates across categories from garments to home furnishings, has given consumption a timely push. Finance Minister Nirmala Sitharaman’s September rate cuts, combined with income tax relief and easing interest rates, have strengthened household budgets just as inflation softened. The middle class, long squeezed between rising costs and stagnant wages, has found reason to spend again. Retailers report that shoppers filled their bags with everything from lab-grown diamonds and casual wear to consumer durables and décor, blurring the line between necessity and indulgence. The effect has been broad-based. According to Crisil Ratings, 40 organised apparel retailers, who together generate roughly a third of the sector’s revenue, could see growth of 13–14 percent this financial year, aided by a 200-basis-point bump from GST cuts alone. Small traders too have flourished. The Confederation of All India Traders (CAIT) estimates that 85 percent of total festive trade came from non-corporate and traditional markets, a robust comeback for brick-and-mortar retail that had been under siege from online rivals. This surge signals a subtle but significant cultural shift. The “Vocal for Local” and “Swadeshi Diwali” campaigns struck a patriotic chord, with consumers reportedly preferring Indian-made products to imported ones. Demand for Chinese goods fell sharply, while sales of Indian-manufactured products rose by a quarter over last year. For the first time in years, “buying Indian” has become both an act of economic participation and of national pride. The sectoral spread of this boom underlines its breadth. Groceries and fast-moving consumer goods accounted for 12 percent of the total, gold and jewellery 10 percent, and electronics 8 percent. Even traditionally modest categories like home furnishings, décor and confectionery recorded double-digit growth. In the smaller towns that anchor India’s consumption story, traders say stable prices and improved affordability kept registers ringing late into the festive weekend. Yet, much of this buoyancy rests on a fragile equilibrium. Inflation remains contained, and interest rates have been eased, but both could tighten again. Sustaining this spurt will require continued fiscal prudence and regulatory clarity, especially as digital commerce continues to expand its reach. Yet for now, the signs are auspicious. After years of subdued demand and inflationary unease, India’s shoppers appear to have rediscovered their appetite for consumption and their faith in domestic enterprise. The result is not only a record-breaking Diwali, but a reaffirmation of the local marketplace as the heartbeat of India’s economy.

A Man with a Golden Arm and an Even More Golden Heart

Updated: Oct 21, 2024

A Man with a Golden Arm and an Even More Golden Heart

It is rare when an idol becomes a close friend, but Karsan Devji Ghavri, known affectionately as Kadu Bhai, feels more like an elder brother. Even decades after his retirement, Karsan Ghavri remains widely admired, so much so that Prime Minister Narendra Modi twice offered him a political position, which he declined both times—first while coaching West Bengal’s cricket team and later to care for his ailing 90-year-old mother, Ba.

Hailing from a joint family from Rajkot, Gujarat, Karsan Ghavri started playing cricket at the age of 11 and went on to represent India in the All Schools tournament in Australia. The story is that a Mumbai batsman who heard of this fierce young pace bowler from Gujarat suggested the Mumbai team management import him to Mumbai so that he did not have to face the wrath of his pace, and that is how Karsan Ghavri played for Mumbai and went on to become a “Pakka Mumbaikar.”

His neighbours once ambushed him at a movie theatre with drums and garlands upon hearing of his selection for the Indian cricket team under Tiger Pataudi in 1975. His biggest concern then wasn’t his performance but how to accommodate all 35 relatives eager for tickets to his debut Test match. Kadu Bhai, known for his charm both on and off the field, remained unfazed even when his dalliance with a Pakistani beauty caused a stir. Despite being labelled as “lady killer,” he humbly credits legends like Tiger Pataudi and Salim Durrani as far more charming.

Karsan Ghari holds the record of being the first Indian pace bowler to take 100 wickets, a record that remains unbroken. He represented India for 8 years, playing 39 test matches and 19 one-day internationals. Ghavri was also a skilled spin bowler, often wiping out the opposition so effectively that Captain Bishan Singh Bedi warned him against bowl spinning, even in practice. Among his memorable performances, his dismissal of Greg Chappell and his explosive 86 against Australia are still celebrated after all these years.

Whether at the school, university, Ranji Trophy, or international level, Karsan Ghavri served Indian cricket with distinction. He represented West Zone, Mumbai, and his club with pride. Legend has it that Ghavri lost his spot on the Indian cricket team due to a disagreement with his captain at the time.

Beyond his achievements on the field, Karsan Ghavri has a knack for spotting talent, having discovered Shubman Gill at age 10 and identified Cheteshwar Pujara as a teenager. Many young cricketers who have represented India have played under his guidance, and he remains respected not only for his cricketing prowess but for his gentlemanly demeanour.

Karsan Ghavri ranks Dilip Kumar as 1 to 10 among actors and Sir Gary Sobers as 1 to 10 among cricketers, with everyone else starting from 11. A style icon, Ghavri’s clothes were impeccably tailored. He reflects that, despite earning very little throughout their careers, they wore the finest clothes and dined at the best places, but had no savings.

Earning just a few hundred rupees per day to play a Test for India, Ghavri appreciates how the Board has revolutionised Indian cricket, taking good care of both current and retired players. He recalls that it was a dream to play for India under any conditions—on underprepared pitches, without protective gear, and facing the world’s fastest bowlers. “It was an honour to wear the Indian cap and play for India,” says Ghavri, a proud nationalist.

After 60 years, Karsan Ghavri is bidding farewell to Mumbai, returning to Rajkot, and fulfilling his 90-year-old mother’s dreams. While Mumbai cricket’s loss will be Indian cricket’s gain, his focus includes looking after his mother, being a mentor of the Saurashtra cricket team, and running his upcoming Karsan Ghavri cricket academy in Morbi, Gujarat. With two successful daughters and a son, he remains a devoted family man, never speaking ill of anyone in the 20 years I’ve known him. His unwavering dedication to his family and cricket continues to define him.

He promises to return to Mumbai every month for four days to meet his many friends and fans and to enjoy a round of golf, a game he excels at.

Wishing him the best at his new home, new academy, and Saurashtra cricket.

Kadu bhai, Yaaro ka Yaar

Cheers to a Champion!!

(The writer is a spokesperson for Shiv Sena. Views personal.)

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