Businessmen stunned by the bumper sale of Dhanteras, turnover of about 45 thousand crores in two days
Confederation of All India Traders (CAT) National President BC Bhartia and National General Secretary Mr. Praveen Khandelwal said that yesterday and today two days there was a rush of customers in the markets across the country. Customers who were away from the market for two years due to Corona, this time bought with full noise.
The festival of Dhanteras was celebrated across the country for two days yesterday and today, in which according to an estimate the business of more than 45 thousand crore rupees was done, while the jewelery business was around 25 thousand crores in two days. The rest of the business of about 20 thousand crores was done in automobiles, computer and computer related items, furniture, items needed 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 view, purchases are made on a large scale across the country.
Confederation of All India Traders (CAT) National President BC Bhartia and National General Secretary Mr. Praveen Khandelwal said that yesterday and today two days there was a rush of customers in the markets across the country. Customers who were away from the market for two years due to Corona, this time bought with full noise. In such a situation, CAT estimates that this year the sales figure of Diwali festival will cross 1 lakh 50 thousand crores. Especially in the markets across the country, priority is being given to buying Indian goods, due to which China will suffer a loss of more than 75 thousand crores of Diwali related goods this year.
Pankaj Arora, National President, All India Jewelers and Goldsmiths Federation, an associate organization of CAIT, said that the Indian gold industry has fully recovered from the Corona crisis and the demand for gold in India has reached its highest level. India's gold demand grew by 80 per cent year-on-year in the domestic market in the July-September quarter following a strong pick-up in economic activity and improved consumer demand. Arora said that gold imports in India have decreased by about 11.72 per cent in 2022 as compared to 2021. Last year, where India imported 346.38 tonnes of gold in the first half, it was now 308.78 tonnes, which was compensated by the reserve stock of the crisis arising out of the Corona period. At the same time, a large number of people across the country have made new ornaments, which are also called recycle holds, by giving old ornaments 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, including jewelry, gold and silver coins, notes, idols and utensils, worth about 25 thousand crore rupees across the country.