In Diwali, China lost ₹1 lakh crore due to Vocals for Locals

This year’s Diwali festival has seen a record business of more than Rs 3.75 lakh crore in the country. This year, consumers bought Indian goods in large quantities. The impact of Modi government’s ‘Vocal for Local’ campaign is being seen in festive shopping. The Confederation of All India Traders (CAIT) released the figures on Monday. Apart from this, there are many more festivals left, which are likely to generate more business of Rs 50,000 crore.

CAIT National General Secretary Praveen Khandelwal said that China has suffered a huge loss of business worth more than Rs 1 lakh crore during the Diwali festival. They claim that earlier in Diwali, China-made goods used to get nearly 70 per cent of the market in India, which is not available this time. No businessman in the country has imported anything related to Diwali from China this year. This is the result of Prime Minister Narendra Modi’s local and self-reliant India campaign. CAT launched the “Indian Product-Sabka Ustad” campaign across the country this Diwali, which received consumer support.

Khandelwal said that roughly 13% of the Rs 3.5 lakh crore trade is in food and groceries, 9% in jewellery, 12% in textiles and garments, 4% in dry fruits, sweets and snacks, 3% in home furnishings, 6% in cosmetics, 8% in electronics. and Mobiles, 3% Pooja Materials and Pooja Materials, 3% Utensils and Kitchen Appliances, 2% Sweets and Bakery, 8% Gifts, 4% Furnishings and Furniture and the remaining 20% Automobiles, Hardware, Electrical. Consumers spent on many other goods and services, including toys. The packing business across the country also got a big market this Diwali.