Traders Gear Up for Rs 4.25 Lakh Crore Turnover This Diwali
Traders across India are bracing for a significant Diwali season, expecting a turnover of about Rs 4.25 lakh crore, according to the Confederation of All India Traders (CAIT). Preparations are in full swing with a focus on vibrant decorations and a wide r
DiwaliTradersTurnoverIndiaFestive SeasonReal Estate NewsOct 27, 2024
In Delhi alone, the business is expected to reach around Rs 75,000 crore. Chandni Chowk MP and CAIT Secretary General Praveen Khandelwal stated that grand preparations are underway in markets across Delhi and the entire nation for Diwali and the festive season.
Khandelwal shared that shops in metropolitan cities, as well as Tier 2 and Tier 3 cities, towns, and villages, will be decorated in line with the Diwali theme. There will be a strong emphasis on colorful lights, rangolis, and other decorations to create a festive atmosphere and draw more people to the markets.
anticipating a sharp increase in demand, traders have already begun stocking various items such as gift items, clothing, jewellery, electronics, mobile phones, furnishings, decor, puja materials, rangolis, deity idols and pictures, ready-made garments, toys, food items, confectionery, electrical goods, consumer durables, and more.
CAIT National President B.C. Bhartia added that traders are also considering discounts and promotional offers to attract customers. Offers like 'Buy One-Get One' or special Diwali discounts are likely to entice shoppers. Given the heavy crowds expected during Diwali, traders have requested special arrangements from the police and local administration for security and traffic control. Trade associations are also planning to deploy additional private security guards.
Khandelwal emphasized that markets across Delhi and India are fully prepared for Diwali, actively implementing new strategies to compete with the challenges posed by e-commerce and are set to achieve substantial business this festive season.
Frequently Asked Questions
What is the expected Diwali turnover nationwide this year?
Traders are expecting a turnover of approximately Rs 4.25 lakh crore nationwide during this Diwali season.
How much business is expected in Delhi alone during Diwali?
Delhi alone is expected to see business worth around Rs 75,000 crore during the Diwali season.
What types of items are traders stocking for Diwali?
Traders are stocking a wide range of items including gift items, clothing, jewellery, electronics, mobile phones, furnishings, decor, puja materials, rangolis, deity idols and pictures, ready-made garments, toys, food items, confectionery, electrical goods, and consumer durables.
What promotional offers are traders considering to attract customers?
Traders are considering discounts and promotional offers such as 'Buy One-Get One' and special Diwali discounts to attract customers.
What special arrangements are being made to handle the crowds during Diwali?
Traders have requested special arrangements from the police and local administration for security and traffic control. Trade associations are also planning to deploy additional private security guards.
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