New Delhi: The traders recorded sales of around Rs 72,000 crore in this Diwali across major markets of India, said by the Confederation of All India Traders (CAIT).
According to the traders’ body, this year’s Diwali was carried on with no Chinese goods on sale amidst CAIT’s call to boycott Chinese products.
CAIT said in a statement, “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,” as quoted by Zee News.
Twenty cities including Bengaluru, Delhi, Mumbai, Kolkata, Hyderabad, Raipur, Nagpur, Bhubaneswar, Ranchi, Bhopal, Kanpur, Noida, Jammu, Lucknow, Ahmedabad, Surat, Cochin, Chandigarh, Jaipur are considered as “distribution cities” by the CAIT for its surveys.
It also said that the increase in sales happened in the commercial markets during the festive season of Diwali that indicates good business prospects for the future and also brought a smile on the faces of Indian traders.
Fast-Moving Consumer Goods (FMCG), electronic appliances, electrical appliances and goods, kitchen articles and accessories, toys, gift items, confectionery items, sweets, tapestry, utensils, white goods, gold and jewellery, furniture, watches, fixtures garments, fashion, apparels, cloth, home decoration items were among the products that were mostly purchased on Diwali, the report said.