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5000 crores money is spent on crackers in Diwali

shriram | 11th November 2015 | Business And Economy
5000 crores money is spent on crackers in Diwali

    There are 1.2 billion(120 cr.) people in India. On average, let's say one family has 4 people in it. That means there are ~30 cr. families in India. let's assume, Majority of the non-Hindus won't spend a lot of money on firecrackers. And ~30% population in India is non-Hindu. So, there are 20 cr. (30-10) families.. In this again 70% people are below poverty line. So, there are 6 cr (20-14) families. In this again only 50% of people above poverty will go for crackers. So, there are 3 cr families.


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