With Holi being celebrated today, traders and shopkeepers are filled with excitement. Markets across villages and cities are bustling with people joyfully embracing the festival of colors. Demand for a wide range of Holi-related items is skyrocketing, making this season an excellent opportunity for businesses. The festival is expected to generate a record-breaking ₹60,000 crore in business, surpassing last year's figures. This covers hues, gulal, confections, clothing, and decorations.
Markets Overflow with Holi Essentials
Shopkeepers stock up on a diverse range of Holi-related products, demonstrating the festive spirit. Among the most popular items are:
Gual and herbal colors: Because of their skin safety and environmental friendliness, gulal and herbal colors are growing in popularity.
Pichkaris and water balloons: These toys are well-liked by kids and are available in a range of designs, such as pressure guns and cartoon characters.
Traditional white apparel: Salwar suits, kurta pajamas, and white T-shirts are examples of traditional white clothing that is in great demand.
Sweets and dry fruits: Gujiyas, laddoos, and various dry fruit packs are among the sweets and dry fruits that are selling quickly.
FMCG and grocery products - Essentials like milk, ghee, oil, and sugar are in high demand for festive preparations.
Gifts and decorative items - Businesses that sell Holi gift hampers, flowers, and festive décor are seeing an increase in sales.
According to the Confederation of All India Traders (CAIT), the festival is expected to generate ₹8,000 crore in revenue for businesses in Delhi alone, highlighting its economic impact across various sectors.
Holi Milan events boost sales and business growth
The growing number of Holi Milan celebrations contributes significantly to the market's growth. Thousands of Holi Milan events are being held across India, according to BJP MP and CAIT national general secretary Praveen Khandelwal, which is increasing demand for venue rentals, catering, event management, and decorating services.
More than 3,000 Holi Milan events, ranging from small family gatherings to large business and community gatherings, will take place in Delhi alone. Consequently, the demand for services such as banquet halls, hotels, restaurants, outdoor parks, and farmhouses has increased.
Increased Customer Demand: Good news for traders
The marketplaces are already experiencing the Holi shopping frenzy, with crowds growing daily. Sellers of fruits, candies, dry fruits, and ornaments are seeing a rise in sales as a result of the custom of gift-giving. The textile industry has benefited even more from this year's explosive growth in demand for Holi-themed T-shirts with the words "Happy Holi" printed on them.
The market is overflowing with pichkaris and balloons priced between ₹100 and ₹400 as the toy and festive goods industries take advantage of this opportunity. Furthermore, there is a notable surge in demand for specialty items like sandalwood, puja supplies, and fashion accessories with Holi themes.
Why is the Holi Festival a Key Business Season?
More than just a festival of color, Holi is a significant economic force that influences many different sectors of the economy. The festival gives businesses, from tiny store owners to major retailers, the chance to expand. Some key factors influencing the massive economic boost include:
Increased consumer spending - Families set aside funds specifically for Holi shopping.
Growth in digital transactions - E-commerce platforms and online retailers have seen an increase in holiday shopping trends.
Expansion of local and handmade goods - Artisans and small businesses that make handmade Holi décor, herbal colors, and organic sweets are seeing an increase in sales.
Rise in event-related businesses - Catering services, party organizers, and event managers are experiencing increased demand as a result of large-scale Holi celebrations.
Projected Growth: Holi 2025 Set to Break Business Records
According to CAIT, Holi 2025 will bring in ₹60,000 crore, a 20% rise over the previous year. This increase can be attributed to: A rise in both private and public Holi celebrations, Holi products that are herbal and organic are growing in popularity. Spending more on clothing, presents, and holiday necessities is a result of having more purchasing power and the expanding impact of social media marketing, which enables companies to connect with more people.
