People store for utensils as they mark ‘Dhanteras’, a day thought of auspicious to make new purchases forward of Diwali competition
| Photo Credit: ANI
Retail markets throughout India registered a record trade of ₹3.75 lakh crore throughout this festive season to date, merchants’ physique CAIT stated on Monday.
The Confederation of All India Traders (CAIT) acknowledged that festivals like Goverdhan Pooja, Bhaiya Dooj, Chhath Pooja and Tulsi Vivah are but to be solemnised, which can entice extra trade value ₹50,000 crore.
“Notably, almost only Indian products were sold and purchased this Deepavali, which is remarkable,” it acknowledged.
CAIT Secretary General Praveen Khandelwal stated Chinese items misplaced a trade of value greater than ₹1 lakh crore through the Deepavali festive season.
“In previous years, Chinese products were occupying nearly 70% market of Deepavali festivals. However, this year, appeal of Prime Minister Narendra Modi to make this Deepavali vocal for local has gone down well and widely accepted and implemented by both traders and consumers,” he stated.
