Traders record Diwali sales of Rs 72,000 crore despite boycott calls for Chinese goods by CAIT

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    Traders record Diwali sales of Rs 72,000 crore despite boycott calls for Chinese items by CAIT

    According to the traders’ body, the organization was brought on during this year’s Diwali with no Chinese products on sale amidst CAIT’s call to boycott Chinese products.


    Chinese Goods

    Upgraded: Nov 15, 2020, 09: 32 PM IST

    Traders taped sales of around Rs 72,000 crore this Diwali across significant markets in the country, said the Conferderation of All India Traders (CAIT).

    According to the traders’ body, business was brought on during this year’s Diwali without any Chinese goods on sale in the middle of CAIT’s call to boycott Chinese goods.

    ” According to reports collected from 20 various cities which are also thought about to be the prominent distribution centres of India, it is expected that Diwali festive sales generated a turnover of about Rs 72,000 crores and provided China the anticipated loss of Rs 40,000 crore,” it said in a statement.

    Twenty 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 “circulation cities ‘by the CAIT for the function of its studies.

    The CAIT said that the robust sales that happened in commercial markets throughout Diwali festive season indicates excellent organization prospects in future and restored some smile on the faces of traders.

    FMCG products, customer durables, toys, electrical appliances and goods, electronic appliances and soft goods, cooking area posts and devices, gift products, confectionary products, sugary foods, house furnishing, tapestry, utensils, gold and jewellery, footwear, watches, furnishings, components, garments, fashion clothing, cloth, house decor products were amongst the items most acquired on Diwali, it said.

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