Assoc’s farmers’ agitation at a daily loss of Rs 3,500 crore

The farmers’ movement has been going on for 20 days in a row. Despite the growing cold, the spirits of the farmers are not broken and they are not ready to leave the Delhi border unless their demands are met. Agriculture accounts for more than 1 per cent of the country’s gross domestic product (GDP) and the share of farmers is expected to increase further in 2020-21 during the economic downturn caused by the corona virus outbreak.

In such a scenario, the Indian Chamber of Commerce and Industry has said that the problems of the farmers should be resolved soon. Due to the protests of the farmers, a loss of Rs. 3500 crore is being incurred every day. This has affected the economies of Punjab, Haryana and Himachal Pradesh.

The economies of these states are mainly based on agriculture and horticulture. Apart from this, food processing, cotton textiles, vehicles, agricultural machinery and IT are also the lifeline of these states. Punjab, Himachal Pradesh, Haryana and Jammu and Kashmir have a combined economy of Rs 18 lakh crore. Economic activities such as roads, toll plazas and railways have been affected by the ongoing protests by farmers.

Assocham general secretary Deepak Sood said industries like textiles, automotive components, bicycles and sports products would not be able to meet their export orders. Retail prices of fruits and vegetables have also gone up as the supply chain has been affected.

Will affect the revival of the economy: CII
In this case, the Confederation of Indian Industry (CII) has said that the supply chain could be disrupted in the near future due to the farmers’ agitation that is hurting the economy. The CII said the peasant movement could also affect the ongoing revival in the economy. The CII said, “We urge all stakeholders to find a way out of the current stalemate and find a solution through mutual agreement when the economy is on the path to growth.”

The CII said the lockdown imposed by the corona virus pandemic had already had a serious impact on the supply chain. Now the supply chain was improving, but it is under pressure again due to the peasant movement. According to the industry board, about two-thirds of the freight is taking 500% extra time to reach Punjab, Haryana, Rajasthan and Delhi-NCR. In addition, vehicles transporting goods from warehouses in Haryana, Uttarakhand and Punjab have to travel 50 per cent more to reach Delhi.

It needs to be fixed immediately
Nikhil Sahni, president of CII Northern Province, said an immediate solution should be found to the current peasant movement. This will not only affect economic growth but also the supply chain. This has equally affected large and small enterprises. ‘