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Sweets industry may suffer Rs 5,000 crore loss this Raksha Bandhan


The director of the Federation of Sweets and Namkeen Manufacturers, Feroz H. Naqvi, on Sunday told PTI, "Sweets worth around Rs 10,000 crore were sold across the country on Raksha Bandhan last year. This figure expected to come down to around Rs 5,000 crore this time."

Sales of sweets on this Raksha Bandhan are expected to be halved due to the alleged mismanagement of the administration in different states in addition to the epidemic hitting customers.

The country’s sweets industry would suffer an estimated financial loss of Rs 5,000 crore during this Raksha Bandhan festival due ...


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