Business News : From Dhanteras to Diwali, markets across the country are packed with shoppers. This festive shopping has given a new impetus to the business world. According to trade body Confederation of All India Traders (CAIT), Diwali-related business across the country has crossed Rs 6 lakh crore till Saturday. Given the large number of customers and buying trends, the total business is estimated to cross Rs.7 lakh crore by Diwali. According to CAIT general secretary and MP Praveen Khandelwal, the buying spree this year was tremendous. As a result, the Diwali season business in the capital Delhi alone has crossed Rs 1 lakh crore till Saturday.

Significant sales of goods ranging from gold and silver to vehicles

This festive season saw demand for almost every type of item. Gold and silver ornaments were bought heavily from Dhanteras itself. Apart from this, electronic goods like mobile phones, LED TVs, refrigerators, washing machines and ACs were also crowded in the shops. The clothing market witnessed strong sales of sarees, suits, kurtas, ready-made children's wear and traditional wear. The automotive market also saw a boom, with people buying cars, two-wheelers and commercial vehicles. Sales of puja items, Lakshmi-Ganesh idols, clay lamps and sweets also remained high.

Small workers benefited

The most notable feature of this Diwali bazaar was the growing confidence in Indian items. Praveen Khandelwal said Prime Minister Narendra Modi's call for “vocal for local” and “self-reliant India” had a direct impact on consumer purchases. People bought a large number of items including khadi, handlooms and decorative items made by local artisans and women's self-help groups.

This bumper sale also benefits big traders

These bumper sales benefited not only the big shoppers, but also the big traders. Street vendors, daily wage labourers, small businesses, women entrepreneurs, transporters and lakhs of people involved in packaging and delivery services also reaped substantial profits. Local manufacturers and small businesses received full support from consumers.

The Delhi market recovered from the losses caused by the protests

Trade sales in Delhi crossed Rs 1 lakh crore, bringing significant relief to local traders. The protests and demonstrations in the capital last month, including an opposition rally on November 1, are said to have caused significant damage to Delhi's business, Praveen Khandelwal said.

Market operations resumed this Diwali shopping season

However, market operations have resumed this Diwali shopping season, directly benefiting lakhs of shopkeepers, small traders and daily wage workers. Khandelwal also clarified that peaceful protests are a democratic right. However, political events do not negatively affect the movement of common people, the businesses of traders or the daily income of millions of families. On behalf of traders in Delhi, CAIT thanked the people of the capital for their enthusiastic purchases.