The business of the wedding season, which will start on the day of Makar Sankranti from January 14 and in the next two and a half months, was estimated to be worth Rs 4 lakh crore. Now it is estimated to be only 1.25 lakh crores.
Every possible step should be taken to prevent corona.
The rapid increase in the cases of Corona across the country and the imposition of various types of restrictions by different states has had a direct impact on business and economic activities across the country. Due to this, the trade of various goods across the country has decreased by an average of 45% in the last 10 days. The total retail trade in the country is about Rs 125 lakh crore. Stating this, the Confederation of All India Traders (CAT) has asked the Central Government and the Chief Ministers of all the states to take all possible steps to prevent corona. There can be no two opinions on this, but with restrictions, business and economic activities should also continue smoothly. Keeping this in mind and in consultation with business organizations across the country, if steps are taken related to Corona, then it will be better.
CAT’s National President BC Bhartia and National General Secretary Praveen Khandelwal said that due to various types of restrictions of Corona, there has been an average decline of 45 percent in the business of the last ten days across the country. The out-of-town buyer is not going out of his city, while the consumers are also going to the market to buy goods only when needed to do retail purchases. Due to this double whammy, the business of the country has started getting disturbed badly, on which the central and all the state governments need to pay attention.
Damage assessment done in 36 cities
Bhartia and Khandelwal informed that the CAT Research and Trade Development Society, the research organization of CAT, from January 1 to January 6, in 36 cities of different states of the country, which CAT has given the status of “distribution center”, the increasing nature of corona and local administration. What is the effect of the restrictions imposed on the business, but a survey was done among the traders. It has been found from this survey that there has been an average decline of about 45 percent in the domestic trade of the country in the last week. The main reason for this decline is the panic among people due to the third wave of corona, non-availability of buying goods from neighboring cities at the distribution center, money crunch with the traders, large sums of money getting stuck in credit as well as random methods without consulting traders. Including the imposition of covid restrictions.
How much loss in which sector
Bhartia and Khandelwal said that broadly 35% in FMCG, 45% in electronics, 50% in mobile, 30% in daily consumption items, 60% in footwear, 30% in jewelry, 65% in toys, 65% in gift items. , 40% in builder hardware, 50% in sanitaryware, 30% in apparel, 25% in cosmetics, 40% in furniture, 40% in furnishing fabrics, 35% in electrical goods, 45% in suitcases and luggage, 20% in food grains, There is an estimated decline of 45% in kitchen appliances, 35% in watches, 30% in computers and computer accessories, 35% in stationery.
There will be a decline of 2.75 lakh crores in business in the wedding season
Bhartia and Khandelwal also told that the business of the wedding season which will start on the day of Makar Sankranti from January 14 and in which business of about Rs. The restrictions imposed have directly led to a decline of about 75 percent in this trade. Now it is estimated that in the next two and a half months in this business vertical, there is a possibility of business of about Rs 1.25 lakh crore.