The social media campaign to boycott Chinese goods during Diwali has beaten down sentiment of retail traders as there has been a 20 per cent decline in demand so far, traders body CAIT said on Friday. Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said that Chinese lighting and decorative products are widely used during Diwali and such materials start flooding the Indian markets three months prior to the festive season.
“There has been a debate in social media on boycotting Chinese product. These products are already with the wholesalers but there has been a 20 per cent decline in demand from the retail traders as they are worried whether people will actually buy it or not,” he said.
There has been a social media call for boycott of Chinese goods in India following that country’s opposition to a UN ban on JeM chief Masood Azhar as well Beijing obstructing India’s membership in the Nuclear Suppliers Group (NSG).
- Samajwadi Party Crisis Deepens: Here’s How It Will Impact UP Polls
- 24 Maoists Killed In Encounter In Odisha
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
Khandelwal said CAIT will go with the mood of the people and honour their calls for ban on Chinese products.
“We expect that the goods which are in stock with the wholesalers will get sold over time, otherwise a lot of cash of traders will get stuck,” he said.