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Indian traders trade Rs 42,000 crore in Diwali market, China loses Rs 40,000 crore

Bijaya Laxmi by Bijaya Laxmi
November 16, 2020
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Indian traders trade Rs 42,000 crore in Diwali market, China loses Rs 40,000 crore
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New Delhi: There has been a nationwide demand for a boycott of Chinese goods this time amid tensions between China and India. Especially on Diwali, people focused on buying Indian goods instead of Chinese ones. As a result, Indian traders have traded around Rs 42,000 crore during the Diwali season. According to the Federation of Indian Chambers of Commerce, Indian traders have traded around Rs 42,000 crore during the Diwali season. Every year a large portion of this business goes to China. But this time around, the decline in exports from China and the call for a boycott of Chinese goods have hurt the profits of Indian businessmen and China. According to estimates by the federation, China has lost about Rs 60,000 crore this Diwali season. The federation has demanded compensation from various state governments for the damage to the arrow industry.

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