Noida: Traders have been hit worse during the second wave than the first.
The Asian Confederation of Indian Traders (CAIT) Gautam Bend Nagar has told the state government that the loss of gross income traders in the district from March to June 2021 is estimated at around Rs 10,000 Crore, compared to around RS 5,000 Crore for around RS 5,000 during the same period in the year 2020.
The reason for doubling this income loss, according to the trader’s body, is not just a lock, but the bag is getting smaller due to losing work and salary deductions and online shifting in a pandemic pattern.
“We run estimates based on data reported from traders in all districts for the two years and our findings show that this year’s losses multiply compared to last year.
This data includes retailers and wholesalers,” said Sushil Jain, President Sector 18 Markets Association and Convenor , CAIT (Gautam Budh Nagar.
He added, “The reason mainly is that last year, there was a problem in direct delivery because it was prolonged.
Lockdown, but people still somehow make purchases through home delivery routes.
This year, most of the purchases have shifted Online and traditional retail and wholesalers have been suffered because people really stop spending in some areas.
“Noida and Greater Noida together have more than 10,000 retailers.
And wholesalers.
This district has 200 markets with a hub in sector 18 and Atta.
Pre-pandemic annual turnover for the Gautam trader market Budh Nagar is a nation AR RS 15,000 Crore.
“The decline in consumption has caused the market to hit a business such as shoes, clothing and accessories that have become a low priority for people.
Many are starting to shift their business models.
Most people only spend essential.
Once, the market is currently under the main correction in consumer patterns , “Jain said.
Rajesh Sharma, who owns a mobile shop in Sector 18, said, “Regardless of changes in consumer patterns, many people have also seen increases in medical expenses, which have spent expenses.
We need to have a support system to help traders through this period.
Some costs can still be Reduced until the loss is borne.
“