Retail trade suffers a huge business loss due to COVID-19.
                     Retail  trade  suffers  a  huge  
business  loss  due  to  COVID-19
INTRODUCTION
• As per the report of CAIT India's retail trade has suffered a business 
loss of about Rs 15.5 lakh crore in past 100 days due to the Covid-19 
pandemic.
Source: The Economic Times
CAIT
• The mission for the Confederation of all India Traders is as there to 
render best possible assistance to Trading Community in India.
• The Confederation of All India Traders (CAIT), which has 40,000 trade 
associations and seven crore members across India.
Source: KNN India
ISSSUES WITH TRADERS
• Traders across the country are depressed because of the following 
reasons.
–  Minimal of the consumers
– Considerable absence of employees
– Facing financial crunch 
Source: The Economic Times
DOMESTIC TRADE
• The domestic trade is passing through its worst period in the current 
century.
• It reflects that if immediate steps are not taken about 20 per cent of 
the shops in India will have to close down their shutters. 
Source: The Financial Express
POLICY SUPPORT
• “Policy support from the central or state governments is yet another 
crucial factor which is haunting the traders”, CAIT claimed.
Source: Best Media Info
COVID 19 IMPACT
• Businessmen are facing  financial loss due to lockdown that took place to 
prevent from COVID 19.
•  As per the report in  India only 5% of business, and 8% of workforce 
could resume their duties in shops.
Source: Business Insider
RETAIL TRADE LOSS
• The Confederation of All India Traders (CAIT) said that the country's 
retail trade lost business worth Rs 9 lakh crore in the last 60 days, 
mainly due to the nationwide lockdown.
Source: New Indian Express
ECONOMIC SLOWDOWN
• The country was facing an economic slowdown even before the 
corona virus outbreak with almost all the sectors were facing slump in 
demand.
Source: Convenience Store News
ECONOMIC PACKAGE
• CAIT urged the government to reconsider the economic package and 
announce measures to support traders.
Source: Search Engine Journal
TRADING COMMUNITY
• CAIT said trading community will continue to fulfil its obligations 
towards the nation during the corona virus pandemic.
• PM Modi's 'Atma-nirbhar Bharat Abhiyan' or Self-reliant India Mission 
is about 10 percent of India's GDP.
Source: Deccan Hearald