CTI claims 2.5 lakh shops may remain shut in Delhi over INDIA bloc rally, warns of trade losses
CTI said traffic restrictions and crowd fears could halt business across 20 markets, with daily trade worth Rs 10,000-12,000 crore at risk, it said.
- The Chamber of Trade and Industry warned that around 250,000 shops within a five-kilometre radius of Delhi’s Ramlila Maidan could remain closed due to the INDIA bloc rally.
- Traders expressed concerns that traffic restrictions, heavy crowds and transportation disruptions could severely affect business during the peak Diwali shopping season.
- The CTI estimated that nearly 80 per cent of approximately 300,000 shops in the affected commercial areas could shut, disrupting retail and wholesale activities.
- The traders’ body warned that blocked roads and interrupted goods movement could affect thousands of transport vehicles and prevent customers from neighbouring cities from reaching Delhi’s markets.
- Following the November 1 rally, the CTI claimed that business losses had reached approximately ₹10,000–11,000 crore, although the figure represents the traders’ estimate.
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INDIA bloc rally: Delhi Traders claim ₹11,000 cr Diwali season loss as 2.5 lakh shops shut, ask ‘who will compensate?’
Chamber of Trade & Industry chairman Brijesh Goyal said around 20-25 major markets in the vicinity of the rally venue were affected, with approximately 2.5 lakh shops remaining closed out of nearly three lakh shops across these commercial hubs.
2.5 Lakh Shops Shut, Rs 11,000 Crore Loss: Delhi Traders’ Claim After INDIA Bloc Rally
<p>Delhi’s traders have claimed business losses of around Rs 11,000 crore following the INDIA bloc rally at Ramlila Maidan on November 1, saying the event disrupted commercial activity across some of the Capital’s busiest markets during the festive shopping season.</p> <p>The Chamber of Trade and Industry (CTI) said retail and wholesale businesses accounted for the largest share of the estimated losses, at Rs 8,800 crore. Transport and logistics…
Trade organizations have estimated losses of approximately 11,000 crore rupees due to the India Block mega rally held at Delhi's Ramlila Maidan on November 1. According to the Chamber of Trade and Industry (CTI), approximately 250,000 shops were closed, and wholesale, retail, transport, hotel, restaurant, and tourism businesses were severely affected.
Politics has its place, business too: Delhi traders fume after INDIA bloc rally
The November 1 INDIA bloc rally disrupted trade and customer movement in Delhi, the traders' body said. It urged organisers and authorities to balance democratic expression with business, employment and public convenience.
2.5 Lakh Shops Shut: How Delhi rally of Rahul Gandhi hit trade
NEW DELHI: In the capital, business is set to peak between Dhanteras, Deepavali and Bhai Dooj. From Sadar Bazar to Chandni Chowk, trading activity is picking up, with crowds of customers in shops, goods moving from warehouses to markets, and labourers working day and night. In the midst of this, the India bloc’s mega-rally at Ramlila Maidan has had a serious impact on the pace of the capital’s main trading areas. According to the claims of Brije…
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