New Delhi: Chinese exporters are expected to suffer a loss of Rs 40,000 crore on Diwali this year. According to the All India Federation of Chambers of Commerce, about Rs 70,000 crore is traded across the country every year during the floods. Of this, Rs 40,000 crore worth of goods were imported from China. Four people have been killed in clashes with Chinese troops in Ladakh over the past four years. Local vendors have taken the challenge seriously and have not imported Chinese goods. Chambers of Commerce and Industry President BC Bhartia and Praveen Khandeljwal said the traders had enough material to meet the needs of customers. , Cosmetics, beauty products, FMACG products, consumer durables, stationery and decorative light garlands and items are on sale. The federation asked small factories and local artisans to make materials for the Diwali market. According to a report by Rhecier4, online transactions will increase by 40 percent this year. About 26 million people bought it in October last year. This year, their number will increase to 50 million. About $ 400 billion worth of goods are expected to be sold during the festival this year, more than double the sales of $ 240 million last year.
