In the midst of a severe crisis of the Corona epidemic. This year, Diwali festival celebrated all over the country with a different style. This year, Diwali saw some new and unique things. People strongly boycotted Chinese goods. On the other hand, people preferred Indian goods and the ongoing business sluggishness in the country for the last eight months ended. This has been said in a press release issued by CAT, an association of retail traders.
This release said that traders from all over the country under the leadership of the Confederation of All India Traders strongly implemented Prime Minister Narendra Modi’s call for ‘Vocal for Local’ and self-reliant India.
CAT has said that strong sales in markets across the country during the festive season of Diwali indicates good business prospects in the future. Also, it has become clear that the people of India have beaten both Corona and China in terms of buying and selling of festive items.
CAT National President BC Bhartia and National General Secretary Praveen Khandelwal have informed that according to the report received from 20 cities of the country, this Diwali saw a turnover of about 72 thousand crores. He has said that in this festive season, on the business front, China has directly suffered a loss of about 40 thousand crores.
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Bhartia and Khandelwal said that there good business in various sections of the retail business. He said that during this period FMCG products made in India, consumer goods, toys, electrical appliances and goods. Apart from this, sales of kitchen items, gift items, sweets-snacks, household items, utensils, gold and jewelry, shoes, watches, furniture, fixtures, textiles, fashion apparel, textiles and other items also good.
Source – Google
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