Over Rs 1.25 lakh crore sale for retail traders this festive season

New Delhi: From the day of first Navratri September 26 and till October 23, business of more than 1.25 lakh crore has already taken place in the country, Confederation of All India Traders (CAIT) said.

On the call of CAIT this year, the traders celebrated the festival as “Apni Diwali – Bhartiya Diwali” with all emphasis on selling exclusively Indian products, which has led to robust sales for small scale industries, local businesses, craftsmen, artistes, artisans etc. did a splendid business for the products made by them.

CAIT Secretary General Praveen Khandelwal said that the total business of Diwali sale is expected to cross 1.50 lakh crore which will be a major boon to retail trade of India.

With the pace with which the way of doing business is changing all over the world, traders in India too are changing the present module of their business and are now using digital technology. 

For centuries, traders in India have traditionally been doing Diwali Puja at their business establishments on the occasion of Diwali but with the changing times, most of the business is now being done through digital technology, hence Diwali Puja is celebrated today by traders across the country by worshipping all kinds of digital tools as well.

Business worth more than Rs 25,000 crore happened in Delhi alone. 

Traditionally people buy gold on Dhanteras. This year, jewelry shops have seen a surge in stores. The absence of Covid restrictions has paved the way for grand weddings again.

Image courtesy of (Republic Bharat)

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