New Delhi: After a gap of two years of witnessing the worst days ever in business, this year’s Holi festival sales have provided a tremendous boon for business in the country including Delhi and whose retail sector is eagerly waiting. Was waiting
The sales of Holi festival registered a growth of about 30% in the business on the occasion of Holi as compared to last year. According to an estimate, there is a business of about one crore rupees on Holi. 20,000 crore in the country and the best part was that Chinese goods were not sold.
The Confederation of All India Traders (CAIT) today said that earlier, China exports Holi festival material to India every year, which is worth around Rs 10 thousand crore.
Now with great enthusiasm from the business of Holi, traders across the country are gearing up for the upcoming wedding season in the month of April-May, which they hope will be big business-the country’s biggest leaders of traders and general secretary of the Confederation Said that the All India Traders (CAIT) today has more than 40 thousand trade associations across the country, representing 8 crore traders.
Khandelwal lauded Prime Minister Narendra Modi for his managerial skills in fighting COVID and which resulted in the lifting of COVID restrictions across the country, allowing traders and public to celebrate Holi with great enthusiasm and spirit after two years of COVID testing. Helped to celebrate the festival. Huge sales were registered in indigenous items like herbal colors and gulal, water guns, balloons, sandalwood, dress material, while on the other hand sweets, dry fruits, gift items, textiles, flowers and fruits, toys, furnishing fabrics, grocery, FMCG There was also tremendous sales of products, consumer durables, puja material etc. indicating better days for the business in future.
Khandelwal further said that the practice of celebrating Holi through mass gatherings, Holi Milan celebrations and street-mohallas has been going on for centuries and provides a great advantage of trade to the small traders. Lakhs of such programs were organized in the country. More than 3,000 such Holi Milan celebrations took place in Delhi alone. Apart from this, a large number of other various social events were organized this year and people would visit various markets across the country in large numbers to make a boon of shopping in the markets, especially a week before Holi.
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