Diwali cheer for traders: CAIT says sales up 20% across India to Rs 300 bn

Representative image

The national traders body CAIT has said there was a 20 per cent volume growth during Diwali sales across the country at Rs 300 billion.    

In 2017, the total sales stood at Rs 250 billion, CAIT secretary general Praveen Khandelwal said in a statement Thursday.

"During last four years, there was a slump during Diwali sales. However, this year traders did good business during compared to last year," Khandelwal said. 

In Delhi alone, sales volume crossed over Rs 50 billion, he added. 

Consumer durables like electronics and electrical items and FMCG products like decoration and gift items, dry fruits, sweets & namkeens, readymade garments, biscuits, confectionary items etc, did brisk business, he said, adding traders of computer and computer peripherals, paints, hardware, and kitchen appliances & equipments also saw spike in their volumes.   

Khandelwal reiterated that widening e-commerce without any regulations is causing loss to offline trade and demanded setting up of a regulatory authority.

"In absence of a proper e-commerce policy, online companies are doing business without any checks and balances. Government should frame an e-commerce policy immediately and set up a regulatory authority to regulate and monitor them," he said.  


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel