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Business loss of 46 thousand crores due to curfew and lockdown in last ten days

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New Delhi:

Coronavirus: Due to night curfew and partial lockdown in the last ten days in various states of the country, there has been a loss of business of about Rs 46 thousand crores so far, out of which about Rs 32 thousand in retail business. Crores and wholesale business are estimated to have a loss of about 14 thousand crores. Giving this information today, the Confederation of All India Traders (CAIT) said that about 60% of the consumers of Corona have stopped coming to the markets.

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CAT National President BC Bhartia and National General Secretary Praveen Khandelwal said today that the above data is related to nine states of the country and based on the information received from prominent business leaders of these nine states. The two business leaders said that according to the information received from these states, there has been a loss of about Rs 10 thousand crore in retail trade in Maharashtra and this figure is about Rs 6 thousand crore in wholesale trade. In Chhattisgarh, there has been a loss of about 1200 crore rupees in the retail trade and about 600 crore rupees in the wholesale trade. In Gujarat, the retail business has suffered a loss of about Rs 4800 crore and the wholesale business has suffered a loss of about Rs 2200 crore.

Bhartia and Khandelwal said that the retail business in Delhi has suffered a loss of about Rs 3000 crore and the wholesale business has suffered a loss of about Rs 1400 crore. In Karnataka, the loss of retail trade is about 4300 crores while the loss of wholesale trade is about 1950 crores. In Punjab, the retail trade is about 900 crores while the loss in the wholesale trade is 350 crores. In Rajasthan, the loss in retail trade is around 1900 crores and the loss in wholesale trade is 850 crores. In Madhya Pradesh, the loss in retail trade is about 1700 crores while the loss in wholesale trade is about 750 crores. In Uttar Pradesh, the loss of retail trade is about 3800 crores while the wholesale trade deficit is around 1500 crores rupees.

He said that due to the rapid increase in Kovid cases and the imposition of night curfew and partial lockdown in various states, fear has arisen in the mind of the general consumer, which is why they are avoiding going to the markets and hence there is a loss in the retail market. Whereas the main reason for loss in good business is the lack of loading and unloading of goods. Climbing or landing of goods on trucks in markets across the country takes place at night and because there is no night curfew in many states, the loading and unloading of goods has a major impact. Normally, entry of trucks is banned throughout the country and trucks are allowed to enter the city only after 9 pm and there are many problems due to unloading and shipping of goods due to night curfew. Due to which inter-state trade has been affected.

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