Amid Self-Imposed Ban On Chinese Products, Traders Record Rs 72000 Crores Worth Sales During Diwali: CAIT

The confederation stated that the business was carried on during this year's Diwali with no Chinese goods on sale amid CAIT's call to boycott Chinese goods.

By : ABP News Bureau | Updated at : 15 Nov 2020 11:47 PM (IST)

Amid Self-Imposed Ban On Chinese Products, Traders Record Rs 72000 Crores Worth Sales During Diwali: CAIT Amid Self-Imposed Ban On Chinese Products, Traders Record Rs 72000 Crores Worth Sales During Diwali: CAIT

(Photo: ANI)

Confederation of All India Traders (CAIT) an association of traders, on Sunday, said that the confederation has recorded sales of around Rs 72,000 crore this Diwali across major markets in the country. The confederation stated that the business was carried on during this year's Diwali with no Chinese goods on sale amid CAIT's call to boycott Chinese goods.

"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," CAIT said in a statement.

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As many as 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.

“The robust sales that happened in commercial markets during Diwali festive season indicate good business prospects in the future and brought back some smile on the faces of traders,” CAIT said in a statement.

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 jewelry, footwear, watches, furniture, fixtures, garments, fashion apparels, cloth, home decoration goods were among the products most purchased on Diwali, it further said.

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It is also worth mentioning that, the confederation has been running a campaign to boycott Chinese goods in the country. The campaign to boycott the Chinese product came after the violent Galwan Valley clashes in which 20 Indian soldiers lost their lives, after which the CAIT urged the Centre and Indian citizens to boycott all Chinese companies.