Diwali is a major Hindu festival celebrated around the world and marks the victory of good over evil. This year, however, the festival has been met with a significant financial loss for China, as people have decided to distance themselves from Chinese goods. This article looks at the impact of this loss on Diwali 2021, the reasons behind it, how people are refraining from Chinese goods, the Diwali celebrations this year, and the impact of the loss on the Chinese economy.
Impact of Chinese Loss on Diwali 2021
The loss of 50 thousand crores for China on Diwali 2021 has had a major impact on the festival. With people shunning Chinese goods, the demand for Indian products has seen a sharp rise. This has been welcomed by many Indian businesses, as it is helping to boost their profits. Moreover, many people are now more conscious of where they are buying their goods from, and are opting to support Indian businesses.
Reasons for Chinese Loss
The main reason for the Chinese loss this Diwali is the ongoing tensions between India and China. People have been boycotting Chinese goods to show their support for the Indian government and to express their disapproval of China’s actions. This has led to a significant drop in the demand for Chinese-made products and has had a major impact on the Chinese economy.
People Refrain from Chinese Goods
In order to distance themselves from Chinese products, people have been opting for Indian-made goods wherever possible. This has been a major boost for Indian businesses, as people are now more willing to buy their products. Moreover, people are also more conscious about where their money is going, and are making sure that it is going to Indian businesses.
Diwali Celebrations 2021
This Diwali, people are celebrating in a much more subdued manner due to the ongoing pandemic. Social gatherings are being avoided, and people are opting to spend time with their families at home. Even the traditional Diwali firecrackers have been banned in many cities, as they could worsen the air quality.
Diwali Shopping Trend 2021
This year, people are shopping more online, as it is much safer than going to stores. Moreover, people are also opting for more eco-friendly options, such as e-gift cards and sustainable gifts. This is helping to reduce the environmental impact of Diwali, and is being welcomed by many.
Impact of Loss on Chinese Economy
The loss of 50 thousand crores on