Traders register 20% decline in firecrackers demand
The Dollar Business Bureau Banning imports and sale of China-made firecrackers have had little or no effect on India-manufactured crackers as Indian traders across major cities report poor business due to anti-cracker campaigns run by schools, resident welfare associations (RWAs) and others, an ASSOCHAM survey-cum-analysis said. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) interacted with firecracker wholesalers, retailers and traders in ten different cities to gauge the demand for firecrackers and the impact of ban on Chinese crackers across India. “It is not just Chinese firecrackers but multiple factors like growing environmental awareness, rising cost of living, growing tendency amid people to save their hard-earned money rather than spoiling it on burning crackers, paucity of time, traffic congestions during festive ...
Demand for Chinese goods to decline by 45%: CAIT
The Dollar Business Bureau Demand for China-made goods has gone down by 45% this Diwali, with many retailers abstaining from keeping stock following the boycott call in the country, The Confederation of All India Traders said in a statement on Wednesday. The decline is expected in the aftermath of several social media campaigns and several others awareness programmes that emphasised on abandoning goods made in China. "Boycott Chinese goods on Diwali festival campaign on social media has greatly impacted sale of Chinese goods this Diwali festive season as there is about 45% decline in demand by retailers from wholesalers this year," Confederation of All India Traders (CAIT) said. CAIT National President B C Bhartia and Secretary General Praveen Khandelwal said these campaigns have resulted ...
