Like last year, this time too, just before Diwali, the campaign against Chinese products is going on. Chinese products in Indian market Chinese Products China is sure to go bankrupt by the boycott. Confederation of All India Traders ( CAIT ) has said that the boycott of Chinese goods ( boycott This time the dragon will suffer a loss of 50 thousand crores. On the other hand, due to the increase in domestic customers, the Indian economy ( Indian Economy ) is expected to increase by Rs 2 lakh crore.
Boycott of Chinese products continues after CAT’s appeal
CAT said in its statement that the current Diwali ( Diwali ) Considering the increase in the number of customers in the markets across the country in view of the festive season, the business class is expecting a big business. During the sale period of Diwali, about Rs 2 lakh crore of capital may flow into the economy through spending by consumers. CAIT said that like last year, this year also CAIT has appealed for ‘boycott of Chinese goods’.
Traders and importers of the country have stopped importing from China, due to which China is going to lose about 50 thousand crores in the current season. Another important point is that since last season the customer is also not taking any interest in buying Chinese goods, due to which there is every possibility of increase in the demand of Indian products.
This was revealed in the survey
BC Bhartia, National President of CAT, said that a recent survey conducted by CAT Research and Trade Development Society, the research arm of CAT, in 20 cities across several states has revealed that this year Diwali goods by traders or importers, No orders for firecrackers or other similar items have been placed in China. This time there will be purely Indian goods in the market. These 20 cities are New Delhi, Ahmedabad, Mumbai, Nagpur, Jaipur, Lucknow, Chandigarh, Raipur, Bhubaneswar, Kolkata, Ranchi, Guwahati, Patna, Chennai, Bangalore, Hyderabad, Madurai, Puducherry, Bhopal and Jammu.
70 thousand crores would have been imported in 50 months
Every year during the five-month festive season from Rakhi to New Year, Indian traders and exporters used to import goods worth about 70 thousand crores from China. Bhartia further said that during the Rakhi festival this year, China suffered a huge loss of about 50 thousand crores and during Ganesh Chaturthi there was a loss of 500 crores. The same situation will be seen in Diwali also. It is clearly indicating that only the traders are boycotting Chinese goods but the customers also do not want to buy Chinese goods.
thought of teaching a lesson
In fact, after the alleged role of China in spreading the corona epidemic came to light, people are now avoiding taking Chinese products. There is anger in the minds of Indians about China. Most Indians believe that China has spread the Covid disease. The second reason is the way in which the unrest is spreading along the border, people do not like the forced movement of Chinese army inside the Indian border. Its direct effect is visible directly on the market. Indians want to teach a lesson to China by giving them economic injury.