Ranchi, November 10 (Language) The markets of Jharkhand are ready for vigorous trading on the occasion of Dhanteras on Friday. An official of the State Chamber of Commerce gave this information.
Aditya Malhotra, vice president of Federation of Jharkhand Chamber of Commerce and Industries (FJCCI), told PTI, “The market is now stable after the turmoil caused by the Covid-19 global pandemic two years ago. People’s spending capacity has increased. It can be said that the market situation is better this year.
Malhotra said, “Although it would not be appropriate to give such figures, but we are expecting the business to be 25 percent more than the last Dhanteras.”
The automobile sector is likely to witness brisk business with growth in demand for both two-wheelers and four-wheelers.
Abhishek Singh, director of Sudha Motors, told PTI, “The demand for SUVs (sports utility vehicles) is high. Apart from this, there has been a huge increase in the demand for electric vehicles, especially two-wheelers. The market trend is positive and we expect sales to be better than previous years.”
A Ranchi-based seller of electronic goods said that with the increase in demand for large screen smart televisions, mobiles and sound systems, a large number of sales are expected in the electronic goods market. Bookings for refrigerators, washing machines and induction cooktops have also increased.
Like every year, this time too the utensils market is expected to boom. Crowds of customers started appearing in the major utensil markets of Ranchi from Thursday evening itself.
Ravindra Aggarwal, a pottery seller, said, “There is a lot of demand for items made of copper, steel and bronze. There is a lot of demand for items made of copper, steel and bronze.
There is a lot of activity in the major showrooms and shops in the bullion market because the demand for gold has increased this year compared to last year.
Malhotra said that local markets are facing a big challenge from e-tailers. However, consumers are becoming aware and the number of customers has increased compared to the last few years.
He said that the Federation also appealed to the people to buy things from the local market instead of online shopping.