Diwali Festivities Boost Business Expectations in Delhi and Across India
As Diwali approaches, traders across India are gearing up for a significant business season. The Confederation of All India Traders (CAIT) predicts a nationwide turnover of approximately Rs 4.25 lakh crore, with Delhi alone expecting around Rs 75,000 crore.
Festive Preparations in Full Swing
Praveen Khandelwal, CAIT Secretary General and Chandni Chowk MP, shared that markets in Delhi and across the country are being decorated with colorful lights, rangolis, and other festive elements to attract shoppers. Shops in metropolitan areas, as well as smaller towns and villages, are stocking a wide range of items including gift items, clothing, electronics, and more.
Attractive Offers for Shoppers
To entice customers, traders are planning special discounts and promotional offers such as ‘Buy One-Get One’ deals. B.C. Bhartia, CAIT National President, emphasized the importance of these strategies to compete with e-commerce platforms.
Security and Traffic Arrangements
With heavy crowds expected, traders have requested special security and traffic arrangements from local authorities. Additional private security guards are also being considered to ensure a safe shopping experience.
Overall, the markets are fully prepared to welcome the festive season, aiming for substantial business growth.
Doubts Revealed
Diwali -: Diwali is a major Hindu festival celebrated in India, known as the Festival of Lights. It involves lighting lamps, bursting crackers, and sharing sweets, symbolizing the victory of light over darkness.
Turnover -: Turnover refers to the total amount of money that businesses expect to earn from sales during a certain period, like the Diwali festival.
Rs 4.25 lakh crore -: Rs 4.25 lakh crore is a large amount of money, where ‘lakh’ means 100,000 and ‘crore’ means 10 million. So, Rs 4.25 lakh crore is 4.25 trillion rupees.
CAIT -: CAIT stands for the Confederation of All India Traders, an organization that represents the interests of traders and small businesses in India.
E-commerce -: E-commerce refers to buying and selling goods or services over the internet. It includes online shopping websites like Amazon and Flipkart.