2387-China will suffer a loss of Rs.50,000 crore on exports this Diwali: CAIT

Speaking about the Diwali festive period, the Confederation of All India Traders (CAIT) said that it has given a call of 'boycott Chinese goods' this year. "It is certain that China is going to suffer a business loss of about ₹50,000 crore in terms of stoppage of import of Chinese goods by Indian traders," CAIT stated.