Nagpur :- Having no fear from covid or any dreaded diseases this year, the consumers across the Country are fully geared up to celebrate current festival season with big fanfare and festivity spirit which is likely to bring a consumer spending of about Rs 3 lakh crore. Last year the sale of festive shopping was about Rs. 2.50 lakh crore.
CAIT National President B. C. Bhartia & Secretary General Praveen Khandelwal said that this years festive season has already started with Raksha Bandhan and will continue till 23rd November, the day of Tulsi Vivah. During this period several important festivals like Navratri, Dussehra, Durga Pooja, Karwa Chauth, Dhanteras, Diwali, Gordhan Pooja, Bhai Dooj, Chhath Pooja and finally followed by Tulsi Vivah.
Bhartia and Khandelwal said that this festive season Indian consumers are likely to infuse about Rs. 3 lakh crore into the Indian economy. The basis of the calculation is very simple and modest as there are about 60 crore consumers for mainline retail trade in India and even if we assume Rs. 5000 spending per head, we will achieve Rs. 3 lakh crore very comfortably.
Both trade leaders further added that now people have left behind Covid woes completely and are having an extremely positive outlook towards their lives, they want to embrace the festive season with celebrations and prosperity. There will be mass spending on household items, appliances, gifts, clothing, jewellery, imitation jewellery, utensils, decorative items, furniture & fixtures, kitchenware, consumer electronics, automobiles, mobiles, laptops, computers and peripherals, electrical items, sweets & namkeens, confectionery, fruits among others.
