Rakshabandhan: After the Corona crisis, the market returned to glory, but due to this there is a problem in shopping

This time on August 11 and 12, people are celebrating the festival of Rakshabandhan for two days. For the first time after two years, people are shopping free from the fear of Corona on Rakshabandhan. During Rakshabandhan in the year 2020 and 2021, Corona was in the grip of epidemic. In such a situation, there was no special enthusiasm in the market on this festival of brother and sister. But this time the situation is a bit different and people are worrying free and shopping for Rakshabandhan as the Corona cases stop. For the past two-three days, there has been a lot of excitement in the markets of the country. People are gathering at Rakhi and sweets shops. They are getting excited while shopping for Rakhi.

Traders expect business to increase this time

For the first time after the Corona crisis, there is a glow on the faces of the traders doing business of things related to it on Raksha Bandhan. According to market experts, last year only about Rs 4000 to 5500 crores could be traded on Raksha Bandhan, this time it is expected that this figure can reach from 6000 crores to 8000 crores.

Effect of inflation on rakhis; Cost increased, profit decreased

Mukta Kumari, who is associated with the business of rakhis in Ghaziabad area adjacent to Delhi, says that this year people are showing interest in shopping on Raksha Bandhan, but the effect of inflation is also being seen on the rakhis being sold in the market. There is a jump of 20 to 25 percent in the prices of rakhis. As far as the cost of making rakhis is concerned, they have increased by 30 to 40 percent as compared to the previous years, the prices are still low in comparison to the cost. Due to this the profit of the trader on Rakhis has decreased. Mukta says that though the good thing is that despite the inflation, people are showing interest in buying rakhis and they expect 40-60 per cent more rakhis to be sold this year as compared to previous years.

People are showing interest in buying sweets and clothes

Apart from rakhis, clothes and sweets are also being bought in the market. In many places, this time premium segment sweets are being sold. Meanwhile, there are also reports of selling sweets at the rate of Rs 6000 per kg in Nashik, Maharashtra on Raksha Bandhan. It is being told that gold work has been done on those sweets. Despite being expensive, people are taking interest in buying this sweet.

Sweetening of the mouth also became expensive due to the increase in the price of raw materials

The effect of inflation is also visible on the sweets sold in the market at the time of Rakshabandhan. The prices of milk, ghee, pouring, sugar, refined have gone up by 20 to 30 percent as compared to last year. In such a situation, the sweets prepared from them have also become expensive. The prices of many sweets have become almost twice as expensive. The cashew barfi which was sold for Rs 500 to 600 per kg last year is now being sold in the market at the rate of Rs 900 to 1100 per kg depending on the quality. Even in the textile market, things are being sold more expensive than in previous years.

Expansion

This time on August 11 and 12, people are celebrating the festival of Rakshabandhan for two days. For the first time after two years, people are shopping free from the fear of Corona on Rakshabandhan. During Rakshabandhan in the year 2020 and 2021, Corona was in the grip of epidemic. In such a situation, there was no special enthusiasm in the market on this festival of brother and sister. But this time the situation is a bit different and people are worrying free and shopping for Rakshabandhan as the Corona cases stop. For the past two-three days, there has been a lot of excitement in the markets of the country. People are gathering at Rakhi and sweets shops. They are getting excited while shopping for Rakhi.

Traders expect business to increase this time

For the first time after the Corona crisis, there is a glow on the faces of the traders doing business of things related to it on Raksha Bandhan. According to market experts, last year only about Rs 4000 to 5500 crores could be traded on Raksha Bandhan, this time it is expected that this figure can reach from 6000 crores to 8000 crores.

Effect of inflation on rakhis; Cost increased, profit decreased

Mukta Kumari, who is associated with the business of rakhis in Ghaziabad area adjacent to Delhi, says that this year people are showing interest in shopping on Raksha Bandhan, but the effect of inflation is also being seen on the rakhis being sold in the market. There is a jump of 20 to 25 percent in the prices of rakhis. As far as the cost of making rakhis is concerned, they have increased by 30 to 40 percent as compared to the previous years, the prices are still low in comparison to the cost. Due to this the profit of the trader on Rakhis has decreased. Mukta says that though the good thing is that despite the inflation, people are showing interest in buying rakhis and they expect 40-60 per cent more rakhis to be sold this year as compared to previous years.

People are showing interest in buying sweets and clothes

Apart from rakhis, clothes and sweets are also being bought in the market. In many places, this time premium segment sweets are being sold. Meanwhile, there are also reports of selling sweets at the rate of Rs 6000 per kg in Nashik, Maharashtra on Raksha Bandhan. It is being told that gold work has been done on those sweets. Despite being expensive, people are taking interest in buying this sweet.

Sweetening of the mouth also became expensive due to the increase in the price of raw materials

The effect of inflation is also visible on the sweets sold in the market at the time of Rakshabandhan. The prices of milk, ghee, pouring, sugar, refined have gone up by 20 to 30 percent as compared to last year. In such a situation, the sweets prepared from them have also become expensive. The prices of many sweets have become almost twice as expensive. The cashew barfi which was sold for Rs 500 to 600 per kg last year is now being sold in the market at the rate of Rs 900 to 1100 per kg depending on the quality. Even in the textile market, things are being sold more expensive than in previous years.