1. home
  2. > economy
  3. > Retail trade suffers ₹15 lakh cr loss due to coronavirus: CAIT
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

Retail trade suffers ₹15 lakh cr loss due to coronavirus: CAIT

Jul 20, 2020 12:33 IST

India's retail trade has suffered a business loss of about ₹15.5 lakh crore in the past 100 days due to the Covid-19 pandemic, traders' body CAIT said. Traders across the country are depressed because of minimal consumers, considerable absence of employees, financial crunch and unfulfilled financial obligations, the CAIT said in a statement. No support policy from the central or state governments is yet another crucial factor that is haunting the traders, CAIT claimed. If immediate steps are not taken, about 20% of the shops in India will have to close down their shutters, it said.

Economy