TIL Desk/Business/New Delhi-Sale of Chinese products may decline by 30 per cent on this Diwali compared to last year as per the market report from various states, says traders body CAIT. “As per indications available from the markets of different states, as of now there seems to be an expect decline of about 30 per cent in consumption of Chinese products on this Diwali in comparison to last year which in itself would be a strong indication to China and other countries as far as the consumption of Chinese goods in India is concerned,” the Confederation of All India Traders (CAIT) said in a statement.
According to statement, the social media has once again prove its strength as the calls to boycott Chinese products this Diwali festive season circulating on social media since last fortnight have made inroads in the houses as well prompting even children and women not to use China-made products on ensuing festive season.
CAIT said that the campaign has left wholesalers and retailers across the country in a dilemma. It clarified that boycotting of Chinese products at this stage is not going to affect China since on every season, the goods are usually imported 2-3 months before. The Chinese stocks are already piled up in the country and it will be a situation of loss to our own traders and countrymen.
