Diwali 2020: The Confederation of All India Traders (CAT), an organization of traders, said on Sunday that during the Diwali season, sellers sold goods worth 72,000 crores across the country. According to Kat, this happened due to a complete boycott of Chinese goods. CAT claimed that China has directly incurred a loss of about 40 thousand crore rupees. CAT said that it is based on its reports collected from 20 different cities including Delhi, Mumbai, Chennai, Bangalore, Hyderabad, Kolkata, Nagpur, Raipur, Bhubaneswar, Ranchi, Bhopal, Lucknow, Kanpur, Noida, Jammu etc. Huh.
Loss of 10 thousand crores to firecrackers
CAT also informed that the sellers have lost about 10 thousand crore rupees due to ban on firecrackers.
CAT Chairman BC Bhartia and General Secretary Praveen Khandelwal said that the various segments of the retail business, especially FMCG products made in India, consumer goods, toys, electrical appliances and goods, electronic appliances, gift items, sweets, shoes, watches, furniture etc. have been very good in the festive season.
He said that this year CAT’s campaign to boycott Chinese products and celebrate Hindustani Diwali got wide support from across the country. According to the statement of CAT, the traders and people of the country very strongly gave China a huge shock of 40 thousand crores business and gave a strong message to China that they do not consider India as a dumping yard and take over the retail business of India. That his intention will be given a befitting reply.
Sculptors, potters also have good business
The statement said that due to the efforts of CAT, this year for the first time on Diwali, a large number of products made by local artisans, sculptors, handicrafts workers and specially potters got a big market and they also did a good business.
Apart from this, Bhartia and Khandelwal said that if the SENSEX is any indicator, there is definitely a bright future for business in the country. According to him, from last Diwali to Diwali, the indices increased by about 10 percent despite the impact of corona and lock-down.