A Protest, a Price: Delhi Trade Faces Rs 400 Crore Daily Risk, Says CAIT
- The Chamber of Trade and Industry said protests and security restrictions had cost Delhi businesses nearly Rs 3,000 crore in October, including about Rs 2,000 crore from demonstrations on October 10.
- CTI Chairman Brijesh Goyal warned that losses could exceed Rs 10,000 crore by Diwali on November 8 if disruptions continued.
- Delhi Vyapar Mahasangh asked authorities to cancel or move a proposed INDIA bloc programme at Ramlila Maidan, near major wholesale markets.
- BJP MP Praveen Khandelwal said prolonged disruptions could put more than Rs 400 crore in daily business transactions at risk, while noting that the figures were estimates rather than verified losses.
12 Articles
12 Articles
A protest, a price: Delhi trade faces Rs 400 crore daily risk, says CAIT
Protests in Delhi could put business transactions worth over Rs 400 crore at risk daily, according to the Confederation of All India Traders (CAIT). Its estimate is based on the capital's average daily turnover of Rs 2,200 crore. Traders have warned that prolonged disruptions could affect supply chains, livelihoods and festive-season business.
Protests in Delhi Put Daily Business over ₹400 Crore at Risk Daily, Could Cross ₹4000 Cr in 10 Days : CAIT Secretary General Praveen Khandelwal
Get latest articles and stories on India at LatestLY. He said that Delhi’s estimated average daily business turnover of approximately ₹2,200 crore makes the capital’s commercial ecosystem particularly vulnerable to disruptions India News | Protests in Delhi Put Daily Business over ₹400 Crore at Risk Daily, Could Cross ₹4000 Cr in 10 Days : CAIT Secretary General Praveen Khandelwal.
Delhi Traders Warn Protests Could Cause Rs 10,000-Crore Loss By Diwali
The traders say the location is the problem. Ramlila Maidan is close to wholesale markets including Sadar Bazar, Chandni Chowk, Khari Baoli and Chawri Bazar, where the weeks leading up to Diwali are crucial for sales and deliveries.
Protests in Delhi Bring Business to a Standstill, Leading to Losses of Rs 3,000 Crore Before Diwali.
CTI claims that the ongoing protests in Delhi have caused business losses of ₹3,000 crore. The organization warned that losses could exceed ₹10,000 crore by Diwali.
New Delhi. National General Secretary of Confederation of All India Traders (CAIT) and Member of Parliament Praveen Khandelwal said on Sunday that due to the protests in the national capital, traders have suffered a loss of Rs 4,000 crore in the last ten days. Due to the protests going on in the national capital New Delhi for the past few days […]
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