SunstarTV Bureau: This Diwali, traders surpassed China’s production with a record sale of around Rs 72,000 crore across the major markets in the country, informed the Confederation of All India Traders (CAIT).
According to CAIT this business was carried on during this year’s Diwali with no Chinese goods on sale, adhering to country’s slogan of ‘Boycott Chinese products’.
The CAIT said that the robust sales that happened in commercial markets during Diwali festive season indicated good business prospects of future and brought back some smile on the faces of traders.
CAIT mentioned, “As per reports gathered from 20 different cities which are also considered to be the leading distribution centers of India, it is expected that Diwali festive sales generated a turnover of about Rs 72,000 cores and gave China the expected loss of Rs 40,000 cores.”
Twenty cities including Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Kolkata, Nagpur, Raipur, Bhubaneswar, Ranchi, Bhopal, Lucknow, Kanpur, Noida, Jammu, Ahmadabad, Surat, Cochin, Jaipur, Chandigarh are considered as ‘distribution cities’` by the CAIT for its survey purpose.
CAIT started boycotting Chinese products from June 2020 and now finally, their pivotal decision has paid off.
Commemorating their success, they tweeted, “We thank Indian traders and consumers for showing what we are truly capable of achieving. We are well and truly on course towards reaching our goal.”
We thank Indian traders and consumers for showing what we are truly capable of achieving. In June, 2020 @CAITIndia had set a target to dent Chinese imports by 1 lac crore by December 2021. We are well and truly on course towards reaching our goal. #Salute2Soldiers #VocalForLocal pic.twitter.com/0HAoTFOegD
— Confederation of All India Traders (CAIT) (@CAITIndia) November 15, 2020
Fast Moving Consumer Goods (FMCG) , consumer durables, toys, electrical appliances and goods, electronic appliances and white goods, kitchen articles and accessories, gift items, confectionary items, sweets, home furnishing, tapestry, utensils, gold and jewellery, footwear, watches, furniture, fixtures, garments, fashion apparels, cloth, home decoration goods were among the products most purchased on Diwali, stated CAIT.