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Economy boost on Diwali: The country's economy is getting a boost from the festive season. Earlier during Navratri, it was estimated that there would be a business of more than Rs 50 thousand crore in just ten days, now it is being said that goods worth Rs 4.25 lakh crore will be purchased on Diwali.
Traders have their eyes on the wedding season
According to Praveen Khandelwal, National General Secretary of Confederation of All India Traders (CAT) and BJP's Lok Sabha MP from Chandni Chowk seat of Delhi, Indian products have created a lot of buzz on Diwali. It has received a lot of support from customers. Traders are now eyeing the wedding season starting from November 12.
people bought a lot
Khandelwal said that the festival of Diwali was celebrated with great enthusiasm and gaiety in almost every corner of the country. People did Diwali shopping extensively. This is the first Diwali in the country after the construction of Shri Ram Temple in Ayodhya, due to which the enthusiasm among the people has increased. Along with big industrialists, small businessmen like potters, artisans and people making Diwali items at home have also sold their goods on a large scale. People have given a big boost to small traders. Like every year, this Diwali too, there has been a significant increase in the purchase of Indian products under Prime Minister Narendra Modi's 'Vocal for Local' campaign.
Goods worth Rs 4.25 lakh crore sold
Earthen lamps, idols of God, home decoration items, vandanvar, flowers and leaves, fruits and puja items, colorful electric strings, sweets and snacks, clothes, handicraft items, gift items, shoes, makeup. There were large quantities of cosmetics and accessories. There was demand for gold and silver jewellery, other items and other household products. Due to which local traders and artisans have benefited a lot. This Diwali Rs. Goods worth Rs 4.25 lakh crore were sold, which is a record breaking business so far.
CAIT national president BC Bhartia said, according to an estimate, out of the Rs 4.25 lakh crore festive trade, about 13% is food and groceries, 9% jewelery, 12% textiles and apparel, 4% dry fruits, sweets and snacks. , 3% in home decor, 6% in cosmetics, 8% in electronics & mobiles, 3% in puja material & kitchen equipment, 2% in confectionery & bakery, 8% in gift items, 4% in furnishing. Furniture and the remaining 20% consumers spend on automobiles, hardware, electrical, toys and many other goods and services. Packing business has also got a big market.
A unique glimpse of self-reliant India was seen: CAT official
According to CAT officials, Prime Minister Narendra Modi has called for buying locally made goods on Diwali. Its effect is being seen across the country. Products made by local manufacturers, artisans and artists from all cities of the country are sold in huge quantities. Through which a unique glimpse of self-reliant India has been seen. Bhartia and Khandelwal said that this year also people rejected Chinese products and completely preferred Indian products. Traders are excited about this. Traders are now expecting big business in the Lagna season starting from Devuthani Ekadashi on November 12.
People have contributed in strengthening the country's economy by buying local products this Diwali. It has been proven once again that festivals are a big and integral part of the Indian economy. The economy also witnessed a significant boost due to Navratri festival. Navratri and Ramlila, Dandiya and Garba festivals across the country including Delhi earn Rs. More than Rs 50 thousand crore business was done.
It is said that there is a business of about Rs 5 thousand crore in Delhi alone. According to Khandelwal, festivals like Navratri, Ramlila, Garba and Dandiya, celebrated across the country for ten days every year, have given a significant boost to business activities across the country this time. The markets become more vibrant during these festivals. While on one hand traders get huge profits from this, on the other hand lakhs of people also get temporary employment.