Lokmat News Network
Chhatrapati Sambhajinagar: The central government reduced GST rates by 10% this year, and the effect is clearly visible in the city. Residents started a shopping spree from the very first day of Navratri. On Dussehra muhurt, Thursday, traders estimate a total turnover of around ₹500 crore.
Breakup of turnover by major sectors (estimated):
Electronics market – ₹200 crore
Construction sector – ₹100 crore
Four-wheeler vehicles – ₹70 crore
Two-wheeler vehicles – ₹30 crore
Gold and silver market – ₹12 crore
Combined with other sectors, the total expected turnover reaches approximately ₹500 crore. This is a positive impact of GST reduction.