Medilytix Bureau:

At a time when India is grappling with a third COVID-19 wave, the retail trade in the country has suffered a 50 percent drop in business over last  15 days, estimates by domestic trade organisation Confederation of All India Traders (CAIT) suggested.The retail industry in India is pegged at Rs 150 lakh crore.

AIT’s preliminary estimates indicate that various businesses throughout the country lost on an average 50 per cent of their revenues since the past 15 days with various restrictions imposed by the respective state governments.

CAIT has written to the authorities in the centre and state administrations, urging them to allow smooth conduct of business activities, in addition to putting adequate restrictions for curbing COVID cases in the country.
The trade body also criticised the odd-even guidelines by the Aam Aadmi Party government in Delhi saying that it has proven to be a futile exercise, restricting the business activities to only 2-3 days in a week in the national capital.

“The centuries old distributive character of Delhi trade has been highly distorted and slowly the trade of Delhi is shifting to other states. It is to be noted that nearly 5 lakh traders from other states are daily visiting Delhi to source their requirements. But with COVID-19 restrictions, they have stopped coming to Delhi and must be sourcing the requirements from other states, the adverse effect on Delhi trade will be known in later future,” CAIT said in a statement.

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