India

Heavy blow to China: India-made Rakhis cause massive loss worth Rs 4,000 crore to China

New Delhi: In a severe blow to China, the India-made Rakhis have caused a huge loss to the country worth Rs 4,000 crore. This development shows that India can be self-reliant and easily boycott Chinese products.

On June 10, the Confederation of All India Traders (CAIT) had given a call for celebrating Rakhi as “Hindustani Rakhi” this year which turned out to be a success.

With their cooperation, Indian women went on to make rakhis using Indian goods. The highlight being, not a single rakhi was imported from China.

The National President of CAIT, BC Bhartia and National General Secretary Praveen Khandelwal said that according to an estimate around 50 crore rakhis are sold every year at about Rs 6000 crores while for the past many years around Rs 4000 crore worth China-made Rakhis or products were being imported.

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