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Farmers' stir causing daily loss of `3,500 cr: Assocham

Industry body Assocham on Tuesday urged the Centre and farmers’

Farmers’ stir causing daily loss of `3,500 cr: Assocham
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Farmers’ stir causing daily loss of `3,500 cr: Assocham

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New Delhi: Industry body Assocham on Tuesday urged the Centre and farmers' organisations to resolve the impasse over the new agri laws, saying that the protests are inflicting a heavy blow to the economies of Punjab, Haryana, Himachal Pradesh and J&K.

"A daily loss of Rs 3,000-3,500 crore is resulting in the economies of the region from the value chain and transport disruption because of the protests," according to a rough estimate by the chamber. Assocham President Niranjan Hiranandani said, "The size of the combined economies of Punjab, Haryana, Himachal Pradesh and J&K is about Rs 18 lakh crore. With the ongoing farmers' agitation and blockade of roads, toll plazas and railways, the economic activities have come to a halt."

On Monday, the Confederation of Indian Industry (CII) had said the farmer agitation has led to supply chain disruptions, which will impact the economy in the coming days and may impinge upon the ongoing recovery from the economic contraction due to Covid-19.

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