New Delhi: Chinese support to Pakistan on some of the issues concerning the country and boycott calls given by some of the patriotic organisations, have brought down sales of Chinese goods on the eve of Diwali, the festival of lights.
According to one estimate , sales of these goods are likely to fall by as much as 30 per cent this diwali. In terms of money, the loss may be to the tune of Rs 300 crores. Other estimates put the losses at much higher levels.
Prime Minister Narendra Modi’s make in India call and call to encourage goods manufactured in the country have also made an impact. The social media have also made considerable contribution. A number of social media posts have carried appeals to buy Indian stuff , particularly earthen wares this diwali.
In addition to Indian markets, a fall in business has been registered in the border areas of Bangadesh which were supplying Chinese goods to markets in West Bengal, Bihar and some other close areas .
Himanshu , one of the business men in Lucknow, who was largely selling Chinese goods confirmed that there was a considerable decline in sales of these goods in the wake of Uri attack which killed several Indian jawans.
During Diwali Chinese decorative lights and crackers were highly in demand. Off season demands were for toys and electronic goods, he said. To his estimate ,sales have dropped by 80 per cent in some markets.
India is one of the major buyers of Chinese goods. This kind of market situation is unlikely to please the Chinese leadership.
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