Investors reeling from stock market highs and lows at the bottom of a recession
- Even though people are suffering due to recession, unemployment and ever increasing inflation, there is a rush to celebrate Navratri in a colorful way...
- The purchasing power of the people of India has increased. People in India have increased the use of credit cards. The power to borrow is also strong. Demand for credit cards has also increased
- Durga Puja and Navratri means 70,000 crores will circulate in the financial system. A boom is when new money is pumped into the economy and the purchasing power of the people increases
Navratri is starting from today. Diwali festivities start from Navratri. Currently there are clouds of depression. In the context of Navratri, the festival has come to capture the auspicious signals of the markets below the recession. On the one hand, there is a recession, a dealer's crash, a stock market crash, investors' panic, and the start-up boom. Even though people are suffering due to recession, unemployment and rising inflation, there is a rush to celebrate Navratri in a colorful way.
Durga Puja and Navratri means 70,000 crores will circulate in the financial system. A boom is when new money is pumped into the economy and the purchasing power of the people increases. A chance has arisen for India's economic experts who want to boost the village economy. People of India love festivals. After celebrating the Ganapati festival, people immediately started celebrating Navratri.
These festivals come at a fixed time every year and keep the economy alive but for the past two years people have been in the grip of Corona. So the festivals could not be celebrated.
Navratri brings excitement to every class. For small businesses, cottage industries and service sector, Navratri and Diwali festivals are going to be boomers for small shopkeepers. Behind the thangnat this time is the grip of a loose corona. For two years, Navratri was not celebrated in mind, which this year will be celebrated without fear of government restrictions. It is necessary for the economy to celebrate the festivals in a variety of colors. This ten-day atmosphere will be seen till Sharad Poonam. That means Ras Garba for 15 days and then Diwali celebrations will start which will last till Diwali. Thus, in the present days, the trend of festivals will continue in which there will be a boom in the small and big businesses associated with it.
It can be said that the recession of the people in the village and those involved in cottage industries, those involved in rickshaws, Uber taxis etc. in the service sector will be removed. The government is also supporting the festival celebrations this year. The government knows that the celebration of festivals has to provide adequate support to the rural economy.
Although in Gujarat, the colorful atmosphere of Durga Puja is not seen like in West Bengal, but it is also a fact that it will be seen in the coming years. 32,000 crore economic system is wrapped around Durga Puja. An economic system is as big as the budget of a small country. At first glance this amount may seem half way but it is a fact and the statistics released by the trade associations of West Bengal. Efforts have been made to strengthen the village economy during the festival season starting from Navratri. From clay kodias to decorative items and from flower garlands to pujapa instruments, there is a demand.
Durga Puja is celebrated with great pomp not only in West Bengal but also in the southern states. Navratri is celebrated all over the world. In India, Navratri is celebrated more than Durga Puja as people of all ages take up the opportunity to play Raas Garba. In Gujarat, the youth climbs the hills and a kind of devotional atmosphere is created.
The more lavishly the festivals are celebrated, the faster the economic cycle moves. Items used in festivals come from cottage industries. For example, two crore clay lamps will be lit during Diwali in Ayodhya. Electric lamps could have been used instead of earthen lamps, but the idea of earthen lamps has been implemented to boost the economy of the village.
Due to the order of one crore diwas of soil, 200 villages have received an order of two crore diwas. Because of this, the Diwali of clay puzzle makers has improved. These people can earn from seasonal business. Purchasing power of people of India has increased. People in India have increased the use of credit cards. The debt power has also increased. The demand for credit cards has also increased. In India, the economic system is linked with festivals. Festivals that boost the rural economy can further strengthen India's economy. Medharaja has almost left. Now the sowing phase will begin. This time the rain has been very good. The inundation of rainwater for several days has helped raise the ground water table.
People have started spending money on religious festivals and realizing that celebrating them will light economic lights in the homes of millions of people. In short, money will circulate during festivals and more money will be poured into the market.
Vehicles worth crores will be sold on Dussehra
People who want to buy a new vehicle consider Dussehra as a good time to buy. No one buys a new vehicle on Shraddha days and opts for Dussehra which is close to Navratri days. This day also becomes important for the economy. Now the middle class is also buying a new vehicle. Easy bank loans and the dream of owning a vehicle for multiple earners at home is coming true. The tradition of eating phafda chutney besides vehicle on Dussehra day leads to a turnover of lakhs of rupees.
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