Local traders cuts a handsome figure in Diwali sale

In the wake of government’ s intensive campaign urging masses to buy local products this diwali and support indigenous artisans, a total sale of goods worth Rs 7200 crore has been reported across the country. According to the Trader’s body Confederation of All India Traders (CAIT) which claims to represent tens of millions of retail firms in India,  the boycott of Chinese goods have given the boost to local items.
“People didn’t purchase anything in the last eight months except essentials. Hence people had enough surplus money, and a portion was spent on Diwali festivities,” Praveen Khandelwal, CAIT’s secretary general told Reuters. Goods associated with home furnishing and decor, footwear, apparels, clay diyas, handicraft items, toys and gift items draw the most number of customers.
Report reflects the data gathered from the 20 different cities such as, Lucknow, Ahmedabad,  Nagpur, Jaipur, Jammu, and others including top metros. Though firecracker sellers witnessed a loss in multiple states such as Delhi, West Bengal, Sikkim, Odisha, Rajasthan, Haryana owing to the vagueness in the policy on firecracker ban.
As per the statements from CAIT, the traders’ body is also expecting to further reduce imports from China to the tune of Rs 1 lakh crore by December 2021.

Cover pic from Rediff

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