Dhanteras: A growth in local market business, a loss of Rs 1 lakh crore to China, and a Made in India phenomenon

Dhanteras: A growth in local market business, a loss of Rs 1 lakh crore to China, and a Made in India phenomenon

Dhanteras 2023: According to Praveen Khandelwal, National General Secretary of the Confederation of All India Traders (CAT), the nation's Dhanteras commerce is expected to be worth Rs 50,000 crore. 'Vocal for Local' has shown its influence in the Indian marketplace this time.

Various regions of the nation observe Dhanteras. Two days before to Diwali, on Dhanteras, bumper buying is anticipated. Confederation of All India Traders (CAT) National General Secretary Praveen Khandelwal estimates that the nation would transact commerce worth Rs 50,000 crore on Dhanteras. 'Vocal for Local' has shown its influence in the Indian marketplace this time. 'Made in India' merchandise is all the rage in the marketplaces during Dhanteras. China would suffer a trade loss of Rs 1 lakh crore as a result.

most purchases of goods made in India

During the Diwali holiday season, namely on Dhanteras, there is a great deal of shopping in Delhi and other national marketplaces. Everything is sold during Dhanteras, including cars, electronics, furniture, food, and supplies for the Diwali prayer, among other things. Businesses all throughout the nation put a lot of effort into getting ready for this day. On the occasion of Dhanteras, National General Secretary Praveen Khandelwal and National President of the Confederation of All India Traders (CAT), BC Bhartia, state that the retail industry is expected to be valued around Rs 50 thousand crore nationwide. 'Vocal for Local' has a noticeable impact on the marketplaces during Diwali, since the majority of purchases are for Indian products. According to estimates, China has lost more than Rs 1 lakh crore in commerce as a result of the non-sale of Chinese items associated with Diwali.

Prime Minister's and Union Minister's appeal

CAT fully endorses Union Minister Smriti Irani's call for women to shop and Prime Minister Narendra Modi's call for Vocal for Local during Diwali. Businesses all around the nation have been asked to support efforts to boost the sales of Diwali-related merchandise produced by women in local communities so that these women may have a joyous Diwali celebration as well. On the day of Dhanteras, people worship Siddhi Vinayak Shri Ganesh, Mahalakshmi, the goddess of riches, and Kuber. Purchasing new items on this day is seen as fortunate.

This product is bought during Dhanteras.

Khandelwal claims that things such as gold and silver jewelry, kitchenware of all kinds, automobiles, clothing and ready-made garments, electronics, electrical goods and appliances, business equipment such as computers or computer-related equipment, mobile phones, books, etc. are all sold on Dhanteras. Special purchases are made for accounts, furnishings, and other accounting supplies, etc. On the day of Dhanteras, a broom is also purchased, according to an old belief. Jewelry dealers nationwide are quite excited about Dhanteras sales, according to Pankaj Arora, National President of All India Jewelers and Goldsmiths Federation. The jewelry industry has extensively prepared for this. There is a sizable collection of recently designed jewelry as well as other objects crafted from gold, silver, diamonds, etc. This year, the marketplaces are displaying a strong desire for fake jewelry. Large-scale purchases of gold and silver coins, banknotes, and idols are also possible during Dhanteras.

Purchasing metal cookware, etc., is also fortunate.

On Dhanteras in Delhi, Chandni Chowk, Dariba Kalan, Maliwada, Sadar Bazaar, Kamla Nagar, Ashok Vihar, Model Town, Shalimar Bagh, Pitampura, Rohini, Rajouri Garden, and South Extension, Greater Kailash, Green Park, Yusuf Sarai, Lajpat Nagar, Kalkaji, Preet Vihar, Shahdara, and Laxmi Nagar, according to CAT's State President Vipin Ahuja and State General Secretary Dev Raj Baweza. The manifestation of Lord Dhanvantari also happened on the day of Dhanteras, according to Acharya Durgesh Tare of Ujjain, Convener of the Vedic and Astrology Committee of CAT. Lord Vishnu has taken on the form of Lord Dhanvantari. He is the deity of medicine as well. In light of this, Lord Dhanvantari is also revered nationwide. Purchasing brass utensils and other items on Dhanteras is also seen as auspicious as brass is said to be their favorite metal. Cooking supplies and utensils are heavily discounted on Dhanteras day. In addition to individuals nationwide, on the day of Dhanteras, those in the catering industry, nearby confectioners, contract cooks, hotel and restaurant operators, particularly those who purchase utensils, etc.

During the holidays, business valued Rs 3.5 lakh crore

Three percent will be in food and grocery, nine percent in jewelry, twelve percent in textiles and clothing, four percent in dry fruits, sweets, and namkeen, eight percent in electronics and mobile phones, three percent in puja materials and related items, two percent in confectionery and bakery, eight percent in gift items, and four percent in furnishing and furniture trade, according to CAT officials. These estimates represent a rough estimate of the festive season trade, which is expected to bring in Rs 3.5 lakh crore. Will entail. Customers are anticipated to spend the remaining 20% on toys, hardware, cars, and electrical products and services. The packing industry will see significant growth during Diwali.