Noida: Traders in Sector 18, one of the main market areas in the city, said they expect good business around Diwali and sales figures tend to increase by around 30% this time compared to last year.
They hope about sales worth Rs 1,000 to 1,200 crores and gold and silver jewelry words, along with electronic items, are very popular.
“There is an enthusiasm atmosphere on the market and we hope there will be a good business in this, starting from Dhanteras, which on Tuesday.
Sales tend to be more than last year,” said SK Jain, sector, sector, sector 18 market association.
Jain, who is also the holder of the Confederation of all Indian traders (CAIT), Delhi-NCR, added that the demand for gold is almost the same as before the pandemic.
“Indian gold demand rose almost 50% year-on-year in the July-September quarter,” he said, adding that silver and electronic goods were also on demand.
According to Jain, so far this celebration season, the sale of gold jewelry in Noida is worth around Rs 250 Crores.
The sales figure for electronic items is Rs 200 Crores and for clothing, around Rs 100 Crores.
“The sales figure of other gift items is around Rs 200 Crores.
We have also seen the sale of equipment and rs of 50 crores, for decorative items, the number is around Rs 50 Crores and the sale of furniture worth Rs 150 Crores.
For other items, total sales figures Is Rs 250 Crores.
Overall, we expect sales worth RS 1,000-1,200 Crore this time.
Last year, it was 800-1,000 crores, “he said.
Sagar, a local resident said, this year, people seemed more interested when it comes to shopping.
“I bought some furniture, jewelry and other items,” he said.
Traders in noida optimistic about sales in Diwali
