Diwali: This Diwali will be bumper – people will spend heavily, CAIT asks traders to increase stock

Diwali Shopping: Confederation of All India Traders-CAT (CAIT) has asked traders to increase their stock. Kat is confident that people will shop more this time during the upcoming Diwali festival season. Quoting a report by UGOV, CAIT has said that around 36 per cent people living in urban areas are expected to spend more during the Diwali season. , but traders in small towns and rural areas will also see a boom.

The festival of Diwali is bringing the gift of doing big business for the traders.
This year the festival of Diwali is bringing the gift of doing big business for the traders. It is expected that the festive business of Diwali, which has been sluggish due to Corona for the last two years, will give a big chance to sell better this year. According to a survey conducted by YouGov, people living in cities want to spend more this time than on Diwali of the last two years.

According to the YouGov report, 36 per cent of urban people are willing to spend more on this Diwali, compared to 29 per cent in 2020 and 17 per cent in 2021. Stating this, the National President of Confederation of All India Traders (CAT) Shri BC Bhartia and National General Secretary Shri Praveen Khandelwal said that keeping in view this report, CAT is asking traders across the country including Delhi to keep adequate stock at their establishments. will suggest. If business increases in cities, then it means that there will be more demand in small cities, towns and rural areas because the traders of these areas buy goods only from the nearby big cities. He said that not only in B2C but also in B2B there is a possibility of a big jump on the festive sale of Diwali.

The economy recovered from the Kovid epidemic – this year will be spent heavily
CAT National President BC Bhartia and Secretary General Praveen Khandelwal said that the UGOV report is based on Diwali Spending Index, which shows that the intention to spend this year is 94.45 as compared to 90.71 in 2021 and 80.96 in 2020, indicating the recovery of the economy. There is also a parameter for . In the last two years, due to the Kovid epidemic, consumers have faced financial crisis.

Good business will be seen in these areas – CAT
The major sectors where CAT is seeing good business are home appliances, travel, health and fitness, home decor and gold accessories. Apart from these sectors, CAT expects good business in consumer electronics, mobiles, readymade garments, gift articles, FMCG sector, consumer durables, electrical fixtures and fittings etc.

Due to the arrival of the festive season, there will be a boom in shopping
CAT said that the festive season is scheduled to start from August 31 to September 9, which will be celebrated prominently in Maharashtra, Gujarat, Madhya Pradesh, Tamil Nadu, Karnataka, Andhra Pradesh, Goa etc., while Navratri, Ramlila and Durga Puja from September 26. Till 5th October and Diwali will start from 24th October. That is, from August 31 to October 24, there will be a season of festivals in India and after that there will be a season of weddings. It is expected that this year there will be a tremendous growth in the business in the domestic business. Even before the arrival of this time, good buying is being seen in the markets in the country, which can be understood in view of the preparations for the upcoming festive season and weddings.

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