Several COVID sanctions imposed by the state government, including lockdown, curfew, etc., caused a loss of about Rs 6.25 lakh crore to businesses in India during April. In a statement, the Confederation of All India Traders, the main organization for traders, has taken data from more than 40 thousand associations representing 8 crore traders under them. CAIT said that the total loss of business due to Corona epidemic in the country for the month of April is about 6.25 lakh crore rupees. The government has lost a total revenue of 75 thousand crore rupees.
According to CAT National President RC Bhartia and Secretary General Praveen Khandelwal, out of the total business loss of Rs 6.25 lakh crore, retail business is estimated to have a loss of about Rs 4.25 lakh crore, while wholesale business losses of around Rs 2 lakh crore. Has happened. Kat said that certainly not only the figures for loss of business are high, but they talk about the great destruction of business, but the number of deaths due to COVID also cannot be ignored.
Kat appeals for nationwide lockdown
The Confederation, in a communication sent to Prime Minister Narendra Modi on Sunday, appealed for a nationwide lockdown to control the epidemic. It has prayed for the formation of a pediatrician task force to deal with the third wave, in which children can also be infected.
The Federation of Retailers Association of India (FRAI), which represents around 40 million micro, small and medium traders in the country, told Financial Express Online last year that lockdown restrictions have led to small traders’ monthly earnings being at least close to There may be a reduction of 40 per cent. FRAI Secretary General Vinayak Kumar had said that this would particularly affect the non-essential category, while the grocery stores could get some relief like last year.