Retail markets across India registered a record trade of Rs 3.75 lakh crore during this festive season so far, traders’ body CAIT said on Monday.

The Confederation of All India Traders (CAIT) stated that festivals such as Goverdhan Pooja, Bhaiya Dooj, Chhath Pooja and Tulsi Vivah are yet to be solemnised, which may attract additional trade worth Rs 50,000 crore.

“Notably, almost only Indian products were sold and purchased this Diwali, which is remarkable,” it stated. CAIT secretary general Praveen Khandelwal said Chinese goods lost a trade of more than Rs 1 lakh crore during the Diwali festive season.

“In previous years, Chinese products were occupying nearly 70 per cent market of Diwali festivals. However, this year, appeal of Prime Minister Narendra Modi to make this Diwali vocal for local has gone down well and widely accepted and implemented by both traders and consumers,” he said.

The festival trade of Rs 3.75 lakh crore comprised spending of about 13 per cent on food and grocery, 9 per cent on jewellery, 12 per cent on textiles and garments, 4 per cent on dry fruits, sweets and Namkeen, 3 per cent home decor, 6 per cent cosmetics, 8 per cent electronics and mobiles, 3 per cent pooja samagri, 3 per cent utensils & kitchen appliances, 2 per cent confectionery and bakery, 8 per cent gift items, 4 per cent furnishing and furniture.

Remaining 20 per cent was spent by customers on automobiles, hardware, electrical, toys and many other goods and services. They said the packing sector also got big business on Diwali, the traders’ body added.

Meanwhile, the procurement of goods and services from the government portal GeM has crossed Rs 2 lakh crore so far this fiscal.