Inflation has left its impact on consumer durables and household appliances. High prices of goods dampened the festive spirit of Diwali. The sale of crackers, lamps, candles, gifts, sweets and clothes etc has been affected adversely and people are not showing much interest in buying such articles.
“Home appliances are costly this time. We purchased only the require things such as lamps and candles and some sweets. To decorate homes is a ritual and we will do it. People cannot leave such cultural ceremonies,” said Sukhmani Kaur, a customer, at the 22 number market.
“Children forced me to buy crackers and lamps, but I was not willing to spend money on these articles. On the one hand, it is sheer wastage of money and, on the other, it pollutes the environment. I spent only a little amount on the necessary things,” said Jagraj Singh.
“Some shopkeepers are selling Chinese lights and crackers and these articles are less expensive compared to Indian products. When we don’t want to spend a lot on decoration items and crackers, we choose Chinese goods” said Davinder Kaur, a customer, from the Polo ground wholesale crackers market.
Shopkeepers said they haven’t earned much this Diwali, however, this has been the case for the past three years.
“I have to pay around Rs 13,000 as rent of the shed and may have to pay for the shop but people are not interested in crackers.
We have not sold crackers on a large scale this time and still waiting customers,” said a shopkeeper from the wholesale crackers market.
Dinesh Kumar, another shopkeeper, said, “Earlier, people used to spend a lot on sweets, lighting and other products, but his time around 40% percent sale has decreased. Customers are not purchasing things as they did four-five years ago”.