Insta
Diwali Shopping Generated Business Worth Rs 1.25 Lakh Crore; Breaks 10-Year Record: CAIT
Swarajya Staff
Nov 07, 2021, 08:46 AM | Updated 08:46 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The Confederation of All India Traders (CAIT) stated that Diwali 2021 generated business worth Rs 1.25 lakh crore, which is a record trade figure in the last decade during this auspicious festival.
CAIT further expressed that people crowded the markets which helped the businesses and sparked the expectation of better business prospects in the near future.
“For Diwali festival sales, people thronged the markets and helped in generating huge business to the tune of Rs 1.25 lakh crores which is record trade figure in last 10 years on the occasion of Diwali,” CAIT was quoted in a report by the ANI.
Earlier, CAIT had estimated a business of around Rs 1 lakh crore in all business streams during the Diwali season.
The trade body has also anticipated an infusion of around Rs 3 lakh crore by the end of 2021 amidst the prevalent spending patterns of the consumers.
CAIT is apparently overseeing a ‘new zeal and freshness’ among consumers like as if they are compensating for a ‘gap of almost two years in purchases’.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.