Record business of Rs 3.75 lakh crore done across the country on Diwali: CAT. Loktej Business News

New Delhi, 13 November (HS). On the festival of Diwali, there was a record trade of more than Rs 3.75 lakh crore in the markets across the country. This year, customers purchased Indian goods extensively. The effect of Modi government’s campaign ‘Vocal for Local’ is visible on this festive shopping. This time China has suffered a big loss in business worth more than Rs 1 lakh crore on Diwali festival.

National President of Confederation of All India Traders (CAT) B. C. Bhartia and National General Secretary Praveen Khandelwal said this in a joint statement on Monday. Khandelwal said that this year in the festive season of Diwali, there has been a record turnover of more than Rs 3.75 lakh crore in the markets across the country. CAT General Secretary said that Indian goods were purchased extensively by customers on all festivals. He said that the festivals of Govardhan Puja, Bhaiya Dooj, Chhath Puja and Tulsi Vivah are still left, in which there is a possibility of more business worth Rs 50 thousand crores.

CAT General Secretary said that this time China has suffered a business loss of more than Rs 1 lakh crore on Diwali festival. Khandelwal said that earlier during the Diwali festival, the goods made from China used to get about 70 percent of the Indian market, which was not available at all this time. He said that no businessman in the country imported any Diwali related item from China this year. This is clearly the effect of Prime Minister Narendra Modi’s Vocal for Local and Self-reliant India campaign.

Khandelwal said that according to a rough estimate, out of the Rs 3.5 lakh crore Diwali festival business, about 13 percent is in food and grocery, 9 percent in jewellery, 12 percent in textiles and garments, 4 percent in dry fruits, sweets and snacks, 3 percent in household items. Decoration, 6 percent cosmetics, 8 percent electronics and mobiles, 3 percent worship material and puja items, 3 percent utensils and kitchen equipment, 2 percent confectionery and bakery, 8 percent gift items, 4 percent furnishing and furniture and the remaining 20 percent automobiles. , hardware, electrical, toys and the rest was spent by customers on various other goods and services.

CAT General Secretary said that CAT had also launched the “Indian Product-Sabka Ustad” campaign on Diwali this year, which was very successful. This campaign has received huge support from customers across the country. He told that the packing business across the country also got a big market this Diwali. Prime Minister Narendra Modi had called for buying locally made goods during Diwali festivals, the big impact of which was visible in the entire country. Products made by local manufacturers, artisans and artists from all the cities of the country were sold in large quantities, due to which a special tableau of self-reliant India was shown to the country and the world through the Diwali festival.