INDIA Bloc Rally: CTI Warns Of ₹10-12,000 Crore Trade Loss As 2.5 Lakh Delhi Shops To Remain Shut
New Delhi: The Chamber of Trade and Industry (CTI) on Sunday warned of an unprecedented crisis for Delhi's business community due to the INDIA bloc's mega rally at Ramlila Maidan, claiming that around 2.5 lakh shops within a five-kilometre radius of the venue are likely to remain closed, while nearly 80 per cent of business activity could come to a standstill. The Chamber of Trade and Industry…
The Chamber of Trade and Industry (CTI) has issued an urgent warning about the potential financial fallout from the INDIA bloc's upcoming rally in Delhi's Ramlila Maidan. The CTI estimates that around 2.5 lakh shops within a five-kilometre radius are likely to remain shut, a move expected to cause a significant 80 percent dip in commercial activity.
The trade organization's warning comes after the CTI penned a fourth letter to Congress leader Rahul Gandhi expressing grave concerns over the rally's impact on Delhi's bustling trade and transport scene. CTI Chairman Brijesh Goyal cautioned that the overall shutdown of shops could create a shopping panic, leaving attendees of the rally with nowhere to shop.
He pointed out the irony of Gandhi's appeal for shoppers to support local businesses while the same shops remain in limbo. Despite the CTI's concerns, a large number of markets associations have appealed for the rally to be postponed, emphasizing their fear of losing out on the crucial pre-Diwali shopping season.
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