People have accepted the self-reliant India campaign started by Prime Minister Narendra Modi last year. Its impact has come to the fore in the form of benefits to the small entrepreneurs of India.
At the same time, China has also been hit hard by self-reliant India.
In fact, a boycott of Chinese goods has been announced in the markets.
Due to this, it has been estimated that there will be a big loss to Chinese goods in this festive season.
According to the Confederation of All India Traders (CAIT), there is a boycott of Chinese products in the domestic markets, which may cause an estimated loss of Rs 50,000 crore to Chinese exporters.
Indian businessmen benefit
Chinese crackers and other cheap festive products are being banned in India this season.
This will directly benefit the domestic traders and industries of India.
In the statement issued by CAIT, it has been said that ahead of the festive season, there is a huge increase in the number of customers in the markets across the country.
This can lead to a significant increase in India’s domestic sales.
Rs 2 lakh crore benefit to Indian economy
CAIT has said that the Diwali season can bring Rs 2 lakh crore to the Indian economy through consumer spending.
Like last year, this year also CAIT has spoken of boycotting Chinese products.
Whereas China is estimated to have a loss of about 50,000 crores by stopping the import of Chinese goods by Indian traders.
Low demand for Chinese goods in big cities
According to a report, a big change was seen in the markets of big cities recently.
People are not showing interest in buying Chinese products in major cities of the country.
This is likely to increase the profit of Indian goods and traders.
CAIT conducted a survey in 20 cities, in which it was found that Indian traders or importers have not placed any orders for Diwali goods to Chinese exporters.
Which cities are included
The 20 cities where CAIT has surveyed are New Delhi, Ahmedabad, Mumbai, Nagpur, Jaipur, Lucknow, Chandigarh, Raipur, Bhubaneswar, Kolkata, Ranchi, Guwahati, Patna, Chennai, Bengaluru, Hyderabad, Madurai, Pondicherry, Bhopal and Jammu. Are included.
Rs 70000 crore import from China
For your information, let us tell you that during the five-month festive season from Rakhi to New Year’s every year, Indian traders and exporters can import heavily from China.
Normally this import is around Rs 70,000 crore worth of goods.
But this time, China suffered a loss of Rs 5,000 crore during Rakhi first and then Rs 500 crore on Ganesh Chaturthi.
Let us inform that in December last year, the Union Cabinet had approved Rs 22,810 crore for an employment scheme.
Its purpose was to encourage companies to recruit afresh.
It was then said that under the Atmanirbhar Bharat Yojana scheme, the government would contribute to the retirement fund on behalf of employees and companies on the recruitment of new people for two years. 22810 crore will be spent on this scheme by 2023 and it will benefit 58.5 lakh employees.