Two-day strike: Bharat Bandh losses to Indian economy may mount to Rs 26,000 cr, says Assocham
"The economy, at this point of time is battling local and global slowdown, cannot afford disruption. The strike would dent the market confidence as well," he said.
Assocham reports from different parts of the country suggested that the banking sector was the worst hit followed by local transport. The small and big retail trade recorded less footfalls.
The situation in the vegetable mandis will be worse tomorrow and it is feared that the prices of fresh eatable items like vegetables, milk, bread, eggs and meat may increase hitting the common-man who is already reeling under inflation.
The Assocham had earlier estimated the national loss figures based on the daily erosion of about 30-40 per cent to the country's Gross Domestic Production (GDP) for two days.
It expressed fear that the disruption may go up to 50 per cent.