New Delhi: Corona epidemic has broken the back of the country’s retail business. Indian retailers have suffered a loss of Rs 19 lakh crore during the last 5 months. 3 months after the opening of the dockdown, traders across the country are facing a huge economic crisis. The Confederation of All India Traders (CAIT), an association of traders, says that if the urgent steps are not taken immediately to handle the retail trade, around 20% of shops across the country will have to be closed, which could also lead to large unemployment. is. CAT has demanded relief from interest and penalty to traders from the Finance Minister.
Kat says that traders are very upset with the very few customers coming to the shops. Despite this, many types of financial responsibilities have to be fulfilled by its traders. There is a money crisis in the retail market. The payment of the goods given in November-December, which should have come by February-March, has not been paid in the market yet.
While releasing this data, CAT said that the retail market across the country is estimated from 20 major cities of different states as this city is the major center of goods distribution in the states. These include Delhi, Mumbai, Kolkata, Hyderabad, Chennai, Nagpur, Raipur, Bhubaneswar, Ranchi, Bhopal, Surat, Lucknow, Kanpur, Jammu, Kochi, Patna, Ludhiana, Chandigarh, Ahmedabad, Guwahati. It is clear from the data collected from these cities that how much Corona has affected the trade of the country, which is not in a position to recover at present. The common man is very much afraid about Corona, due to which local customers are not coming to the markets.
