Industry chambers Assocham said on Tuesday that the farmers’ agitation was hurting the economies of Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir. The association has appealed to the Center and farmers’ associations to remove the stalemate over the new agricultural laws soon.
According to industry industry estimates, the farmers’ movement has affected the value chain and transportation in the area, causing a daily loss of Rs 3,000 to 500 crore. Assocham president Niranjan Hiranandani said the combined size of the economies of Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir is around Rs 18 lakh crore. Economic activities have come to a standstill due to farmers’ protest, road, toll plaza and railway services being closed.
Earlier, the Confederation of Indian Industry (CII) said on Monday that the farmers’ agitation had disrupted the supply chain. It will affect the economy in the coming period. It could also affect the revival of the economy.
Hiranandani said industries like textiles, automotive components, bicycles, sports goods would not be able to meet their export orders before Christmas and this would affect their image in global companies.