On the festival of Rakhi 2020, India has given a massive blow to China-made rakhis causing a huge loss to the tune of Rs 4,000 crores. With this India has broken the myth that it cannot successfully boycott Chinese goods.
In the month of June, the Confederation of All India Traders (CAIT) had given a call for celebrating Rakhi as “Hindustani Rakhi” this year which turned out to be a success.
According to an Industry estimate around 50 crore rachis are sold every year with a turnover of around Rs. 6000 crores out of which around Rs.4000 crores china made rachis were being imported.
With the support of CAIT around 1 crore Rakhis were made across the country using Indian goods and made by women working in the commercial sectors, at homes and in Anganwadis.
A variety of new-designer Rakhis were made from Indian goods, this year not a single rakhi was imported from China.
“The National President of CAIT, BC Bhartia and National General Secretary Praveen Khandelwal said that according to an estimate around 50 crore rakhis are sold every year at about Rs 6000 crores while for the past many years around Rs 4000 crore worth China-made Rakhis or products were being imported.”
With this India has broken the myth that it cannot successfully boycott Chinese goods.