SunstarTV Bureau: The long standing farmers’ protest against the central government’s farm laws is resulting in a daily loss of Rs 3,000-3500 crore, estimates Assocham.
The farmers’ agitation that has already caused supply chain and logistics disruption in several parts of the country, if the turmoil between the center and the farmers will not be resolved soon it will impinge on the economy, which is already in a sensitive state due to covid-19 pandemic.
“The protests are dealing a big blow to the interconnected economies of the regions including Punjab, Haryana and Himachal Pradesh,” said Assocham General Secretary Deepak Sood.
“The size of the combined economies of Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir are Rs 18 lakh crore. With the ongoing farmers agitation and blockade, the economic activities have come to a halt. Industries such as textiles, auto components, bicycles, sports goods, which cater significantly to the export markets would not be able to fulfill their orders, ahead of Christmas, harming our goodwill amongst the global buyers,” added Niranjan Hiranandan, President, Assocham.
Assocham is the Associated Chambers of Commerce of India. Which is the oldest, leading, largest and apex chamber of Commerce and Industry of India.