Indian Industry Continues to Suffer Amidst Second Wave - SolidRumor.com

Indian Industry Continues to Suffer Amidst Second Wave

 Indian Industry Continues to Suffer Amidst Second Wave

DLF Emporio, New Delhi. DLF

With record numbers of new Covid-19 cases each day across India, local governments are continuing to implement or extend restrictions in order to try and slow the spread of the virus.

Delhi’s government, for example, has decided to extend its current lockdown (which was originally meant to last for six-days) by an additional week, to May 3.

This extension is expected to hit retailers hard. According to Kumar Rajagopalan, chief executive of the Retailers’ Association of India (RAI), a total ban on delivery of non-essential goods is already causing havoc. “This is now making it impossible for retailers to survive as they are unable to meet even their fixed expenses,” he was quoted as saying in a Business Standard report.

According to RAI, restrictions and localised lockdowns in cities across India are costing the industry 50 percent of its overall business.

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