New Delhi: The ongoing pandemic has hit every sector of the Indian economy hard and the retail trade in the country has lost about Rs 15.5 lakh crore in the past 100 days.
In a statement, the Confederation of All India Traders (CAIT) said that the traders across the country are highly depressed because of very minimal footfall of the consumers, considerable absence of employees, facing the highest financial crunch and yet have to meet several financial obligations.
"No support policy from the Central or state government is yet another crucial factor which is haunting the traders," it said.
Praveen Khandelwal, Secretary General of CAIT on Sunday said that the domestic trade in the country is passing through its worst period in the current century which reflects that if immediate steps are not taken, about 20 per cent of the shops in India will have to close down their shutters.
