The Confederation of All India Traders (CAIT) has claimed that there was a 60 per cent dip in the sales of Chinese goods this Diwali is a result of the massive social media campaign urging people to boycott Chinese products.
"Even the traders showed lack of enthusiasm in selling Chinese products," a CAIT spokesperson said.
Instead of Chinese goods, people preferred earthen lamps and decorative items made from paper, clay and plastic to decorate their houses, and some households even used last year's material for decoration purposes.
Less consumption of Chinese goods did not deter people from celebrating the festival with great fanfare.
"Realising the mood among the people because of the social media campaign, traders across the country were seen reluctant in displaying Chinese goods on the counter and some traders had even put "Make in India" boards at their business establishments to woo consumers," a CAIT spokesperson said.
"These statistics are based on the indications gathered by the Confederation of All India Traders (CAIT) from 20 cities in different states, including Delhi, Mumbai, Nagpur, Jaipur, Ahmadabad, Kanpur and Bhopal which are generally considered as distribution cities," the spokesperson said.
GST Updates: Jaitley proposes a multi structured tax system
Muhurat session for the Samvat 2073 starts slow, still investors remain upbeat
Telengana and Andhra pradesh stood first for 'ease of doing...