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New Delhi, Oct 19: The Confederation of All India Traders (CAIT) on Sunday stated that trade during the festive season is expected to surpass a record Rs 5 lakh crore, with offline markets witnessing a surge, even as online sales experience a sharp decline.

The trade body said that this year’s Diwali is shaping up to be a truly Swadeshi celebration, with Prime Minister Narendra Modi’s call for promoting Indian goods and recent GST relaxations sparking a nationwide festive boom.

Amidst some confusion over the festival date, CAIT has confirmed that Diwali will be celebrated on October 20th across most of India, including key religious cities such as Ayodhya and Varanasi.

Praveen Khandelwal, Member of Parliament from Chandni Chowk, Delhi, and Secretary General of CAIT, stated

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