New Delhi, Oct 31 (KNN) The Confederation of All India Traders (CAIT) on Thursday said that Chinese goods have slumped down during this festive season as compared to previous years.

''Chinese goods which are generally sold in huge quantity during Diwali festival has registered a decline of about 60% sales this year in comparison to earlier years which gives an alarming signal to China who consider India as the largest market for its products over the globe and making all efforts to dominate Indian retail market for its products, ‘said CAIT after having a survey in 21 cities of the country during Diwali over the sales of Chinese goods.

According to an estimate, the value of Chinese goods sold in 2018 during diwali was around Rs 8000 crore of rupees whereas this year diwali festival the Chinese goods were estimated to be sold to the value of Rs 3200 crore only.

''The CAIT last year gave a call of Boycott Chinese products which saw a decline of about 30% sale of Chinese goods. This year we advised traders and importers across Country well in advance in the month of July itself to boycott Chinese products on Diwali festival and as a result the importers resist themselves in importing goods from China and so also the traders decided to procure indigenous goods which resulted into very less visibility of Chinese products this Diwali"- said CAIT Secretary General Praveen Khandelwal.

As per CAIT survey, which was conducted during the period between October 24th to 29th, the major decline in sales was registered in different items like Gift items, electrical gadgets, fancy lights, kitchenware and appliances, plastic items, Indian Gods & Idols, home decoration goods, toys, electronic items, wall hangings, lamps, home furnishing items, footwear, garments and fashion apparels etc. During the survey about 85% traders agreed that they have witnessed a decline of sale of Chinese products during this Diwali festival. Rest of the 15% traders were of the view that Chinese goods still have a market in India.

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