Protests in Delhi put daily business worth over ₹400 crore at risk, estimates CAIT
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- ✓Protests in Delhi could put business worth over ₹400 crore at risk every day, CAIT said on Sunday.
- ✓The group warned that ongoing rallies against voter list revisions might cause a total loss of ₹4,000 crore over ten days.
- ✓These disruptions currently affect many sectors, including retail, transport, and hotels.
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- BUSINESS
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- Business Line
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- 3 Minute(s)
- Market Focus
- India Economy
CAIT said that Delhi's estimated average daily business turnover of approximately ₹2,200 crore makes the commercial ecosystem particularly vulnerable to disruptions.
Protest in the national capital against Special Intensive Revision (SIR) of voters' list has potential to cause loss of ₹4,000 crore over ten days to business, Confederation of All India Traders (CAIT) said on Sunday.
"Prolonged disruptions could put business transactions worth over ₹400 crore at risk every day, with the cumulative impact potentially reaching ₹4,000 crore over ten days," Praveen Khandelwal, Member of Parliament from Chandni Chowk and Secretary General of CAIT said. Various political parties along with youths are holding rallies mainly in and around Central Delhi affecting businesses in areas such as Connaught Place and Janpath.
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