The Confederation of Traders of India (CAIT) said on Sunday (November 15) that sales during the Diwali holiday season rose to 72 billion rupees in the country’s main markets despite the total boycott of Chinese goods. Chinese exporters are expected to suffer losses of Rs 40 billion this Diwali season amid a boycott by Indian vendors.
It should be noted that CAIT had issued a call for a boycott of Chinese products following the tension between India and China on the Royal Line of Control (LAC) in East Ladakh.
“According to reports collected from 20 different cities that are also considered the main distribution centers of India, the Diwali holiday sales are expected to generate a turnover of approximately 72 billion rupees and have given China the expected loss of 40,000 million rupees “, CAIT. it said in a statement.
The most purchased products during the Diwali holiday season were Fast Moving Consumer Goods (FMCG), Durable Consumer Goods, Toys, Household Appliances and Goods, Household Appliances and Appliances, Kitchen Supplies and Accessories, Gift Items, Confectionery , sweets, home furnishings. , tapestries, utensils, gold and jewelery, footwear, watches, furniture, ornaments, clothing, fashion, fabrics and home decoration items.
Read: These products were bought more during Diwali
According to CAIT, strong sales during the Diwali holiday season indicate “good business prospects in the future.”
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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 CAIT for the purpose of your surveys.
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