The estimated spending of Rs 1.97 lakh crore remains above the Rs 1.85 lakh crore recorded in 2024 Urban festive spending to fall 6% to Rs 1.97 lakh crore in 2026. Clothing and fashion remain the. Local authorities and relevant stakeholders are closely monitoring the situation as fresh developments unfold on the ground. Officials noted that further verified updates and administrative measures will be shared following a detailed review.