Insight ReportDiwali’s Global Rise Is Reshaping the Retail Growth Cycle Madhav Pitaliya, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research October 16, 2025 Reasons to ReadDiscover how Diwali is redefining the global holiday calendar—and what it means for retail strategy in 2025. Read this report to discover answers to these and other questions: How are GST reforms, rising incomes and consumer sentiment positioning Indian retailers for above-trend Diwali growth? In what ways is India’s festive calendar evolving into a continuous retail cycle that extends beyond Diwali? How are global retailers like Walmart, Target and Tesco capitalizing on Diwali’s growing mainstream recognition—and what risks are emerging? What does Diwali reveal about US retail readiness in the face of new tariffs, shifting pricing strategies and cultural marketing demands? Companies mentioned in this report include: Adidas, Ajio, Amazon, Costco, Flipkart, Meesho, Myntra, Reliance Digital, Target, Tesco, Walmart, Williams-Sonoma, Zepto. Data in this report include: India’s festive season turnover value; Diwali’s 3D retail acceleration framework; festive consumer spending patterns; tariff impacts on US-bound Indian imports. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US Store Tracker Extra, January 2025: 50+ Million Square Feet of Retail Space Slated To Close This YearEarnings Insights 4Q24, Week 5: Most Companies Report Strong Growth Results This WeekUS Store Tracker Extra, February 2025: Bankruptcies Push Total Closed Retail Space Toward 85 Million Square FeetAmazon Prime Day India 2025: Preview—Capitalizing on E-Commerce Momentum; Unlocking Small-Town Potential Through Speed and Value