Traders warn of Rs 10,000 crore loss if Rahul Gandhi’s rally is allowed to proceed on Nov 1
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Markets near Ramlila Maidan could be hit by losses of up to Rs 10,000 crore, with traders blaming Rahul Gandhi’s insistence on going ahead and warning of severe disruption to business and traffic.
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 that the event could choke traffic in the area. The Confederation of Trade and Industry (CTI) has asked Congress leader Rahul Gandhi to postpone the rally until after Diwali, but Gandhi responded with a brief comment lasting about 30 seconds and refused to alter the schedule. The India bloc has announced a protest at the venue on the same day, adding to fears of crowd chaos and serious commercial impact.