New Delhi. According to the calendar date, the festival of Dhanteras was celebrated across the country for two days on Saturday and Sunday, in which according to an estimate, trade worth more than Rs 45 thousand crores was done while jewelery trade was done around Rs 25 thousand crores in two days. The remaining trade of about Rs 20 thousand crore was in automobiles, computer and computer related goods, furniture, items necessary for home and office decoration, sweets and snacks, kitchen items, all types of utensils, electronics, mobile items. Resources are procured on the day of Dhanteras and with this in mind, businessmen across the country purchase the resources required for Diwali worship and business on a large scale.
National President of Confederation of All India Traders (CAT) BC Bhartia and National General Secretary Praveen Khandelwal said that the crowd of customers in the markets across the country for two days and the assessment of their eagerness to buy Indian goods confirms that two years The customers who were away from the market due to Corona have now come back to the market with full force and that is why CAT estimates that this year the sales figure for Diwali festival will reach 1 lakh. It will cross Rs 50 thousand crores and especially in the markets across the country, priority is being given to buying Indian goods only. Due to which China will suffer a loss of more than Rs 75 thousand crore in goods related to Diwali this year.
Pankaj Arora, National President of All India Jewelers and Goldsmith Federation, an associate organization of CAT, said that the Indian gold industry has completely recovered from the Corona crisis and the demand for gold in India has reached its highest level. After a strong surge in economic activity and improvement in consumer demand, India’s gold demand in the domestic market has increased by 80 percent on an annual basis in the July-September quarter. Arora said that gold import in India has decreased by about 11.72 percent in 2022 as compared to 2021. Last year, where 346.38 tonnes of gold was imported in India in the first half, this time it was 308.78 tonnes, which was compensated from the reserve stock of the crisis arising from the Corona period.
At the same time, a large number of people across the country have given away old jewelery and made new jewellery, which is also called recycle hold, and the stock of the last two years has also been sold in large quantities. He told that due to the two-day Dhanteras festival, there has been a huge sale of gold, silver and diamonds worth about Rs 25 thousand crores across the country, including jewellery, gold and silver coins, notes, idols and utensils.
Bhartia and Khandelwal said that according to an estimate, apart from jewellery, about Rs 6 thousand crores will be spent in automobile sector in two days, about Rs 1500 crores in furniture, about Rs 2500 crores in computers and computer related goods, about Rs 3 thousand crores in FMCG, electronics goods About Rs 1000 crore in utensils, about Rs 500 crore in stainless steel, aluminum and brass utensils, about Rs 700 crore in kitchen equipment and other kitchen items. Crore, there has been a trade of about Rs 1500 crore in textiles, readymade garments and fashion clothes, while there is a huge trade in Diwali puja items, home and office decorations, electrical and electrical appliances, stationery, builder hardware, wood and plywood etc. The trade has taken place.
Diwali will be celebrated across the country on 24th October, due to solar eclipse on 25th October, Shri Govardhan Puja and Annakoot Mahotsav on 26th October, Bhaiya Dooj on 27th October followed by Chhath Puja and Diwali festival season with Tulsi Vivah on 5th November. It will be successful and traders across the country have great hope that there will be a huge increase in sales in the remaining days of Diwali festival.
FIRST PUBLISHED : October 23, 2022, 7:26 PM IST