Indian companies made business of 72,000 cr on this Diwali, setback for China

New Delhi: The Confederation of All India Traders (CAIT), a trader’s organization, on Sunday said that during this Diwali, there have been record sales of about Rs 72,000 crore in big markets across the country. According to CAIT, no Chinese goods were sold during this year’s Diwali on the call for boycott of their Chinese goods, which has increased profits for Indian traders by leaps and bounds.

China suffered heavy losses
CAIT said in a statement, according to reports gathered from 20 different cities, which are said to be India’s leading distribution center (leading distribution center), it is believed to be worth around Rs 72,000 crore from the sale of the Diwali festival. Business took place and China lost Rs 40,000 crore. Twenty cities including Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Kolkata, Nagpur, Raipur, Bhubaneswar, Ranchi, Bhopal, Lucknow, Kanpur, Noida, Jammu, Ahmedabad, Surat, Cochin, Jaipur, Chandigarh are considered as distribution cities.

Businessmen happy with tremendous profits
CAIT said that the tremendous sales in the commercial markets during the festive season of Diwali indicates good prospects of local business in future. Hence, it can bring back some smiles on the faces of the country’s traders. FMCG goods, consumer durables, toys, electrical appliances and accessories, electronic appliances, kitchen items, gift items, confectionary items, sweets, home decor, tapestry, utensils, gold and jewelery, shoes, watches, furniture, Diwali But it is among the most purchased items. Clothing, fashion apparel, home decoration items were also purchased.

Neither the traders nor the Chinese demanded the goods on the lines of ‘local for vocal’ across the country. Traders all over the country are fully committed to reduce imports of one lakh crore rupees from China by December 2021 on the call of CAT. Markets, offices and homes and shops all over the country were decorated with small oil lamps made of clay. Traditional Indian goods were also used extensively to decorate shops and homes. Due to which small traders in India have made tremendous profits.

Also read in Hindi: दिवाली पर चीन और कोरोना को दी मात, भारतीय कंपनियों ने 72 हजार करोड़ का बिजनेस किया