Diwali Dhamaka: Market picks up after eight months, trade estimated at Rs 60,000 crore

The market has welcomed Diwali amid the fading Coronavirus pandemic impact on trade. Crowds of customers have started appearing in markets across the country, including the capital Delhi, to purchase the festival. Traders are also seen as excited by the huge crowd of people. They hope that they will be freed from the eight-month trading exile. Because of this, traders have estimated a business of 60 thousand crores this time across the country. Apart from this, the remarkable thing is that most of the people are boycotting Chinese goods this time.

Shopping for these festivals in November
National General Secretary of the Confederation of All India Traders (CAT), Pravin Khandelwal, says that the buying of festivals has started. Other celebrated festivals around Diwali include Dhanteras on 13 November, Diwali on 14 November, Govardhan Puja on 15 November, Bhaiya Dooj on 16 November, Chhath Puja on 20 November, and Tulsi Vivah on 26 November. Special preparations have been made in the markets to celebrate these festivals with enthusiasm and enthusiasm.

Diwali gift shopping started
Khandelwal said that toys, dry fruit, gift items, readymade garments, clothes, cosmetics, mobile phones, electronic items, home furnishing, utensils, kitchen appliances and kitchen wares, electrical goods, shop and home decorating for Diwali Sale of goods, FMCG products, daily consumer goods, sweets, home furnishing, tapestry, utensils, crockery, etc. have started. At the same time, traders of gold, silver, utensils, and kitchen items are expecting big business on the occasion of Dhanteras.

China's goods are missing from the market
CAT General Secretary said that this time, on the call of CAT, there is a complete boycott of Chinese goods in the markets across the country. The special thing is that where traders are not selling Chinese goods. On the other hand, the consumer is also not enthusiastic about buying Chinese goods completely. He said that Chinese goods get cheaper. That is why people buy on a large scale; the people of India have rejected this claim.

Rs 60,000 crore business on Diwali
Khandelwal says that there are estimated to be about Rs 60,000 crore of trade in markets across the country through this series of Diwali and some other festivals. Earlier, on Diwali's occasion, only about 40 thousand crore rupees of Chinese goods were traded every year.

This time he is sure to lose business worth so many crores of rupees. People are all set to celebrate Hindustani Diwali this time in all parts of the country on the call of CAT. Praveen Khandelwal said that the vocal for local and Atmanirbhar Bharat initiatives from Prime Minister Modi impact is very evident nationwide this Diwali.