Record breaking business this Diwali! Goods worth ₹5 lakh crore were sold across the country, markets were filled with excitement

This Diwali festive season is bringing huge business opportunities for traders in Delhi and across the country and it is expected that around Rs. 5 lakh crore trade, while traders in Delhi, who have been battling protests and rallies for the past month, have high expectations from Diwali and there is an estimated Rs. 800 crores will be traded. In Delhi due to Diwali.

CTI Chairman Brijesh Goyal said that according to an estimate, the festival of Diwali across the country will cost Rs. 5 lakh crore business is expected to be registered. According to a recent report released by the apex body of the automobile sector, total retail sales of automobiles have increased by 55%. Among all categories of vehicles, two wheelers, three wheelers, commercial vehicles, private vehicles and tractors have seen very high growth of 52%, 110%, 48%, 70% and 58% respectively. These figures show that strong business is expected during the Diwali festivities.

According to an estimate, around 5 crore gifts of all kinds, from small to high class, are exchanged during the Diwali festival period, which contributes significantly to Diwali festival sales. After talking to Hotel and Banquet Association, Restaurant and Mall Association, Cinema Association, Shopping Center Association, Car Dealers Association, Make-up and Salon Association, Tour and Travel Association, Market Association, Industry Association, etc., CTI has concluded that this festive season, business of around 5 lakh crore rupees can be done across the country.

CTI issued a statement saying that this year Diwali has more emphasis on sale and purchase of Indian products. Made in India products especially home decor items, Diwali worship items including clay lamps, deities, wall hangings, handicrafts, auspicious signs, traditional auspicious symbols like Om, Goddess Lakshmi and Shri Ganesha worship items, home decor items made by local craftsmen, artisans and skilled artists can be found in the huge trade market across the country!

Besides FMCG Goods, Consumer Goods, Toys, Electronics, Electrical Appliances & Accessories, Kitchen Utensils & Other Appliances, Gift Items, Personal Consumables, Confectionery, Home Furnishings, Textiles, Readymade Garments, Fashion Apparels, Textiles, Tapestries, Utensils, Builders Watches, Footwear, Hardware, Fixing textiles, cosmetics, cosmetics, mobiles and its accessories, wood and plywood, paint and glass, milk and milk products, dairy. Manufacturing, groceries, food grains, edible oil, pulses, bicycles and its accessories, wall clocks, gota-zari, sarees and dress materials etc. are likely to have a big business.

Estimated business of Rs 80000 crore on Diwali in Delhi

The period from October 1 to November 1 in Delhi was filled with rallies and demonstrations, causing a loss of around Rs 14 thousand crore to Delhi businesses. Traders in Delhi are anticipating bumper Diwali shopping to recover from losses incurred in the past few days. Brijesh Goyal said that various markets in Delhi including Chandni Chowk, Dariba Kalan, Maliwada, Sadar Bazar, Kamla Nagar, Ashok Vihar, Model Town, Shalimar Bagh, Wazirpur, Pitampura, Rajouri Garden, South Extension, Greater Lala Park, Sara Park, Greater La, Usefat, Shalimar Bagh are crowded. Vihar, Shahdara and Lakshmi Nagar. It is increasing. Apart from this, the vehicles are also selling well in the showrooms of various companies. Apart from this, people are also buying a lot of mobiles, gift items, decorative items, dry fruits, clothes, electronics, home furnishings etc.