Omicron Effect Started On The Economy, New Orders Stopped Getting, Traders Started Avoiding Trapping Money

Digital Bureau, Amar Ujala, New Delhi

Published by: Harendra Chaudhary
Updated Wed, 05 Jan 2022 07:17 PM IST

Summary

Surendra Nahata, President, MSME Industrial Association, Noida told Amar Ujala that there is already a apprehension among the traders regarding the effect of Omicron. Traders fear that the government may even decide to close the market if Omicron gets serious. The night-weekend curfew has started and government restrictions on hotels and weddings are already being imposed…

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Omicron has started showing its impact on the economy. Omicron is still in its initial phase in the country, but from now on traders are getting apprehensive about its impact. Factories located in Noida-Ghaziabad-Faridabad have come down in getting new orders, so old orders are also being canceled. In the coming times, in view of the effect of Corona, traders have started avoiding trapping money by buying goods. Market experts estimate that Omicron can have a big impact on the economy in 15 days.

Surendra Nahata, President, MSME Industrial Association, Noida told Amar Ujala that there is already a apprehension among the traders regarding the effect of Omicron. Traders fear that the government may even decide to close the market if Omicron gets serious. Nightly-weekend curfew has started and government restrictions on hotels and weddings are already being imposed. This may affect the consumption of goods in the market. This is the reason why traders want to avoid trapping their money by buying goods.

According to Nahata, an organization of about ten thousand factories, there has been a decrease in getting new orders for many factories, while the old orders received by many factories have also been postponed. Most of the employees working in the factories of Noida-Ghaziabad-Faridabad live in the surrounding areas of Delhi. The imposition of weekend and night curfew will create problems in the movement of employees and this may affect the production of companies in many sectors.

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CAT official Sumit Agarwal said that the first impact of Omicron has started showing on daily wage earners like daily wage workers and auto drivers. The workers are also bound to suffer due to the weekend curfew. In such a situation, the pressure on the market and traders has increased. But they are with the government on night curfew and weekend curfew because there is nothing more important than life. CAT has postponed its National Council meeting to be held in Kanpur on January 11-12.

economy was coming back on track

The second phase of Corona had a very serious impact on the economy. The unemployment rate had reached record levels. But with the weakening of Corona, the country’s economy got back on track and record growth was recorded. For the last six months, GST collection of more than one lakh crore rupees per month was being done, then a record increase was being registered in the product of agriculture and other commodities. While the country was making a record in food production, the country was also performing historically in the export of cars. However, even after this some areas were still trying to get out of the second wave of Corona. In such a situation, if Omicron’s situation turns critical, the pressure on the economy could increase.

Scope

Omicron has started showing its impact on the economy. Omicron is still in its initial phase in the country, but from now on traders are getting apprehensive about its impact. Factories located in Noida-Ghaziabad-Faridabad have come down in getting new orders, so old orders are also being canceled. In the coming times, in view of the effect of Corona, traders have started avoiding trapping money by buying goods. Market experts estimate that Omicron can have a big impact on the economy in 15 days.

Surendra Nahata, President, MSME Industrial Association, Noida told Amar Ujala that there is already a apprehension among the traders regarding the effect of Omicron. Traders fear that the government may even decide to close the market if Omicron gets serious. Nightly-weekend curfew has started and government restrictions on hotels and weddings are already being imposed. This may affect the consumption of goods in the market. This is the reason why traders want to avoid trapping their money by buying goods.

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According to Nahata, an organization of about ten thousand factories, there has been a decrease in getting new orders for many factories, while the old orders received by many factories have also been postponed. Most of the employees working in the factories of Noida-Ghaziabad-Faridabad live in the surrounding areas of Delhi. The imposition of weekend and night curfew will create problems in the movement of employees and this may affect the production of companies in many sectors.

CAT official Sumit Agarwal said that the first impact of Omicron has started showing on daily wage earners like daily wage workers and auto drivers. The workers are also bound to suffer due to the weekend curfew. In such a situation, the pressure on the market and traders has increased. But they are with the government on night curfew and weekend curfew because there is nothing more important than life. CAT has postponed its National Council meeting to be held in Kanpur on January 11-12.

economy was coming back on track

The second phase of Corona had a very serious impact on the economy. The unemployment rate had reached record levels. But with the weakening of Corona, the country’s economy got back on track and record growth was recorded. For the last six months, GST collection of more than one lakh crore rupees per month was being done, then a record increase was being registered in the product of agriculture and other commodities. While the country was making a record in food production, the country was also performing historically in the export of cars. However, even after this some areas were still trying to get out of the second wave of Corona. In such a situation, if Omicron’s situation turns critical, the pressure on the economy could increase.

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