Traders warn of Rs 10,000 crore loss as Rahul Gandhi refuses to move Nov 1 rally
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Wholesale and retail markets near Ramlila Maidan say they could lose up to Rs 10,000 crore in sales, as business groups urge Rahul Gandhi to postpone the event and protect the local economy.
Several major wholesale and retail markets within a five-kilometre radius of the Ramlila Maidan, including Chandni Chowk, Sadar Bazar, Chawri Bazar and Kashmere Gate, could see a sharp drop in footfall if the scheduled rally on November 1 goes ahead, traders said. They estimate potential business losses of around Rs 10,000 crore and warn of traffic congestion in the area caused by the event. The Confederation of Trade and Industry (CTI) has asked Congress leader Rahul Gandhi to postpone the rally until after Diwali, but Gandhi gave only a brief response of about 30 seconds and declined to change the date. The India bloc has also announced a protest at the venue on the same day, heightening concerns about crowd management and the commercial damage that could follow.