Delhi's business suffers Rs 2,500-crore blow amid pollution, GRAP-4 restrictions: CTI
In a statement, CTI Chairman Brijesh Goyal and President Subhash Khandelwal said that the ban on commercial and light vehicles, along with a significant reduction in vehicles entering Delhi from outside, has crippled trade, industry, and tourism.
«Retail markets in Delhi are witnessing a slump as the city's air quality has plunged into the 'severe' category. News about pollution, widely disseminated through TV, newspapers, and social media, is deterring people from visiting markets,» Goyal stated.
Before the pollution spike, approximately 3-4 lakh people from NCR visited Delhi daily for shopping, the CTI claimed. However, this number has now plummeted to around 1 lakh. The statement also noted that local shoppers are increasingly opting for online purchases instead of visiting markets, further exacerbating business losses.
«Due to this, Delhi's businesses are suffering losses of about Rs 100 crore every day. Over the past month, these losses have accumulated to an estimated Rs 2,500 crore,» the statement said.
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