The production was halted by small manufacturers

Mumbai, Ta. Wednesday April 8, 2020

Due to the nationwide lockdown following the corona, various industries have reduced their production by more than 5% due to the huge reduction in routine demand and reports have been postponed by some small manufacturers.

Due to the lockdown, all other major markets, except for the necessities of life and medical products, are closed in the country. On the other hand, due to the lockdown, people cannot leave the house. Thus, due to this adverse situation, the demand for various goods has dropped drastically.

As a result of this adverse situation, there have been reports that producers from different sectors have reduced their production greatly. Demand for steel has dropped sharply by steel makers, reducing their production by 5 percent, informed sources. In addition, various other manufacturers including electronics, electric and readymade garments have cut their production.

On the other hand, numerous small businesses across the country that provide raw materials to many industries have also been stalled. Due to the lockdown, all the markets across the country are closed and new demand is completely extinguished. Otherwise, due to the lockdown, the industry itself has got into trouble due to the fact that the industry itself is in trouble.

It is worth mentioning here that both government-run sail and private company Tata Steel contribute 5% to the country's total steel production. Both these companies have cut the current demand by 5%.

Currently, due to the lockdown, various industries are avoiding new orders and on the other hand the logistics movement is also closed and the goods are not in a position to be delivered even if demand is high.

According to the report, even after the lockdown opened, productive activities are unlikely to rise again. Because it will take at least three months before the various industries go undone. Given that the various industries will see a resurgence only after the next six months, experts believe.

Retailers have been in trouble following a government-implemented seven-day lockdown to curb the spread of corona virus in the country. If government help is not available, up to 5 percent of retail traders have to create a situation where they have to close their businesses. According to the retailers Association of India, retail traders have been hit by the lockdown. However, the situation of non-food retailers has worsened. Business - Employment has been completely banned. However, the cost of working capital has risen due to the fact that the cost is constant.

In the lockdown phase, malls, super stores, necessities of life - since grocery stores are open, they do not face any major problems as their dealings are taking place in routine, but other than that, non-food retailers' business was adversely affected by the beginning of March. After the lockdown, the business has become stagnant. As a result, the financial burden on such retailers has increased.

There is no possibility that this adverse event caused by the corona virus could be prevented in the short term. In addition, no specific decision has been taken as to whether the lockdown will be completed or extended. Even if the lockdown opens, immediate business-employment is unlikely to be restored. It is likely that at least six months will pass before the routine workload begins.

Thus, in these adverse circumstances, retailers are waiting for government relief. Retailers Assoc. The government has announced the announcement of relief measures in GST, implementation of minimum charges of electricity, relief of shop rentals, relief of various taxes and other necessary steps. If the government does not provide this relief for retail traders - up to 5 percent of retailers will have to lock down business, employment, he said.

3 percent of the truck's wheels were stopped

Wheelchairs have stalled in the wake of lockdowns across the country. As a result, the transportation industry has completely collapsed. Following this adverse situation, the commercial vehicle segment NPAs will be greatly increased in the coming years. Which will adversely affect the banking sector.

The lockdown has made the situation even harder for truck drivers and cleaners when hotels and restaurants are closed on the highways. Under such circumstances, the government is increasingly using goods to speed up the movement of essential commodities like cereals and cement manufacturers have also been instructed to evacuate containers.

The lockdown claims to have only ten percent of trucks running the route

Even though the government allowed vegetable and cereal trafficking during the lockdown period, 5% of the trucks transported by the cargoes have been found to be defective in the delivery of essential goods as the trucks are currently disappearing from the routes.

At present, the daily transport of trucks is about ten percent below normal, an official of the All India Motor Transport Congress said. One of the country's 100 million truckers is a member of this organization. In India, about 5% of the goods are transported by road. This is affecting the supply of medicines from food to food. Drivers are also feeling frustrated as a result of the rigorous checking of vehicles due to the lockdown.

In addition, the day-to-day changes in the rules are causing problems for transporters, sources said. Demand for petrol-diesel has dropped drastically in the country where road transport services are stopping, which is becoming commonplace for oil marketing companies. Sales of oil companies declined by 5 percent in March. The lack of attacks on loading and unloading of goods has also increased the problem of truckers.