ASSOCHAM
INDUSTRY Demand for Chinese items up by 45% this Diwali: ASSOCHAM Craze for Chinese products as Diwali gifts has been increasing and the demand has suddenly gone up by 45% as per the quick survey undertaken by ASSOCHAM-Social Development Foundation (ASDF). In a recent survey undertaken by the According to the Associated Chamber of Commerce and Industry of India (ASSOCHAM) reveals that the demand of fancy lights, lampshades, Ganesha and Laxmi idols, rangolis to crackers and other such various items are increased by over 45% than the last year, the market is surging with Chinese products and consumers seem to be making a beeline to buy these attractive and cheap stuff, adds the survey. While releasing the ASSOCHAM survey its Secretary General, Mr. D S Rawat said, local artisans are facing stiff competition to sell their products, seem to be worst-hit. Over 78% of the costumers said that Chinese lights are almost 50% cheaper as compared to Indian...