Economics of Diwali
Diwali is an annual stimulus for the Indian economy.
Indians purchase gold, gifts, decorations, crackers
(fireworks) and household appliances during this festival
and many Indian films (Bollywood, Tollywood, Kollywood,
etc.) are released during this period. Companies offer
huge discounts during the Diwali season to attract
customers, which helps the economy and also helps
the poor. Food distributed as acts of charity during
community festivities also helps the underprivileged.
Diwali also brings tourists to the country. Schools
in India are closed during this festival, and many
young people have the free time and the money to spend
on luxury items. Also, people buy new clothes to wear