The spike in sales comes amid complete ban of Chinese products sales
Amritsar, NFAPost: Now the stage is clear that India will not join hands with China in trade activites as the neighbour got into border war gamble and it is clear in the Diwali sales spike of traders in India and the government’s decision to abstain from recently formed trade group led by China.
Trader’s body Confederation of All India Traders (CAIT) has recorded sales of around Rs 72,000 crore this Diwali across major markets in the country. According to CAIT, the business was carried on during this year’s Diwali with no Chinese goods on sale amid CAIT’s call to boycott Chinese goods.
In a statement, National Secretary General of CAIT Praveen Khandelwal said 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 crores and gave China the expected loss of Rs 40,000 crore.
“At least 20 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 the purpose of its surveys,” said National Secretary General of CAIT Praveen Khandelwal.
The CAIT said that the robust sales that happened in commercial markets during Diwali festive season indicates good business prospects in future and brought back some smile on the faces of traders.
FMCG goods, 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, it said.
It is to be noted that CAIT has been running a campaign to boycott Chinese goods in the country. Earlier in June this year, barely days after the violent Galwan Valley clashes in which 20 Indian soldiers lost their lives, CAIT urged the Centre and Indian citizens to boycott all Chinese companies.