New Delhi: Lockdowns or restrictions are being imposed in many states and metros across the country to overcome the growing cases of corona. Due to these restrictions, the earnings of micro retailers i.e. small retailers can fall by up to 40 percent. This estimate is from the Federation of Retailers Association of India (FRAI), a representative body of 40 million micro, small and medium retailers across the country. FRAI Secretary General Vinayak Kumar says that if complete lockdown takes place across the country for a long time, then the stores which are providing non-essential goods or services, will be completely closed and they will be on the verge of ruin Will come.
According to Pravin Khandelwal, Secretary General of the Confederation of All India Traders (CAIT), there is a business loss of 600 crores a day due to the lockdown, while full lockdown, partial lockdown, night curfew and other restrictions across the country. Due to this, there is estimated to be a loss of 30 thousand crore rupees every day. According to CAT, till last Tuesday, due to 10 days of night curfew and partial lockdown in many states, the businessmen suffered a loss of 46 thousand crores, out of which a loss of 32 thousand crores was caused to the wholesale business.
Abhinav Singh, a shop owner at Karol Bagh Market in Delhi, says that the clothing business is still not in the pre-Corona condition and the lockdown is going to cause more damage. Similar is the situation with shopkeepers with groceries and food items.