Retail business worth Rs 3.75 lakh crore happened during Diwali, CAIT claimed
Traders' organization Confederation of All India Traders (CAIT) said that Govardhan Puja, Bhai Dooj, Chhath Puja, etc. are yet to be held and in view of these, an additional business of Rs 50,000 crore is expected. Praveen Khandelwal said that during Diwali, Chinese goods have lost business worth more than Rs 1 lakh crore.
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There is a good vibe in the retail markets during festivals across the country and till now a record turnover of Rs 3.75 lakh crore has been done.
Traders' organization Confederation of All India Traders (CAIT) said that Govardhan Puja, Bhai Dooj, Chhath Puja, etc. are yet to happen and in view of these, an additional business of Rs 50,000 crore is expected.
Kat said, 'This time Indian products were sold and bought almost everywhere. This is a big thing. CAT General Secretary Praveen Khandelwal said that during Diwali, Chinese goods have lost business worth more than Rs 1 lakh crore.
He said, 'In the last few years, during Diwali, about 70 percent of the market was occupied by Chinese products. However, this year Prime Minister Narendra Modi's appeal to use local goods this Diwali (Vocal for Local) had a good effect and was adopted by both traders and consumers.
