Due to strict implementation of the COVID guidelines, states across the country have suffered a huge loss of business worth about 35 thousand crores on Holi and Rang Panchami.
Holi 2021
India is the land of festivals and every year after the big festivals like Holi and Rang Panchami in the country, the festival season starts in the country. This season is important for businessmen. Like every festival in small townships of big cities and small towns, towns and villages of different states, the festival of Holi is celebrated with great enthusiasm and in large quantities where small retail shops are crowded with customers. In big cities, there is a flow of merchant customers in wholesale markets.
This time due to the fast growing of Corona, strict implementation of the COVID Guidelines by the Central Government and various State Governments, the States across the country have suffered a huge loss of trade of about 35 thousand crores on Holi and Rang Panchami. But this time, China has suffered a loss of more than 10 thousand crore rupees on Holi.
Holi is a business of 50 thousand crores
The Confederation of All India Traders (CAT) issued a press note stating that on the basis of interactions with prominent business leaders of various states, it can be said that on the festival of Holi and Rang Panchami, around 50 thousand in the last few years across the country There is a business of crores of rupees, whereas this year, due to COVID, the traders of the country have suffered a huge loss of business worth more than about 35 thousand crores on the festival of Holi and Rang Panchami, whereas on the other hand, the stock of Holi goods worth thousands of crores Have to keep it without selling.
More business is done in these states
Holi and Rang Panchami festival is basically celebrated in North Indian states, Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Odisha, West Bengal and North Eastern states with great pomp whereas Ugadi and Rang Panchami are celebrated in South India. As this festival is celebrated with utmost gaiety. CAT’s national BC Bhartia and national general secretary Praveen Khandelwal told that on Holi and Rang Panchami, especially colors, abir, gulal, balloons, plastic holly toys, brass and stainless steel atomizer, sweets, Tesu flowers, others Many types of flowers, fruits, dry fruits, cheap kurta pajamas specially made for Holi, T-shirts, Holi saris, other food items, incense sticks and incense sticks, etc. are traded in large quantities.
China also suffered a major setback
On the other hand, raw wood, camphor, coconut dung cake, kalava, cotton etc. are also purchased in large quantities to make more than one and a half lakh holika in different states across the country. According to CAT, on the occasion of this festival every year, goods worth more than about 10 thousand crores came to India from China, which mainly used to have Holi toys, colors, iron squirrels, gulal etc. But under the ongoing Chinese goods boycott campaign across the country from 10 June last year by CAT, where there was a loss of trade of 70 thousand crore rupees to China till Diwali, this year there will not be any goods from China on Holi. There has been a big loss of business worth crores of rupees.
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