The second wave of Covid-19, subsequently followed lockdowns in various states, has caused a mammoth business loss of around Rs 15 lakh crore to India s domestic trade over the last 60 days, the Confederation of All India Traders (CAIT) said on Wednesday.
Covid 2.0 caused Rs 15 lakh cr loss to retail, wholesale trade: CAIT
By IANS |
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52% feel govt s help didn t reach them during lockdown. Image Source: IANS News
New Delhi, June 2 : The second wave of Covid-19, subsequently followed lockdowns in various states, has caused a mammoth business loss of around Rs 15 lakh crore to India s domestic trade over the last 60 days, the Confederation of All India Traders (CAIT) said on Wednesday.
CAIT, which represents traders across India, said this is prompting small businesses to consider job cuts and cut back on other overheads. It estimated that traders could look at an estimated 30 per cent job cuts if restrictions continue and no financial assistance is provided to them.
Figures released by industry body CAIT suggested that local lockdowns have led to a business loss of approximately Rs 15 lakh crore in the last 60 days.
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