CAIT projects a record Rs 4.25 lakh crore business during India's festive season due to strong consumer demand and no Chinese imports.

The Confederation of All India Traders (CAIT) forecasts a record Rs 4.25 lakh crore in business during India's festive season, up from Rs 3.5 lakh crore last year. This growth is attributed to strong consumer demand across various sectors, including electronics and clothing, as well as a shift towards locally-sourced products. With no Chinese imports this year, traders are optimistic about significant sales leading up to Diwali and the subsequent wedding season.

October 14, 2024
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