7 lacks Small Grocery Shops can be Closed by Corona Lock-Down

Economic Updates- Corona crisis on 1.2 crore small retail outlets in the country.

Due to poor Economic Conditions, the shop owner is struggling with cash dilemmas.

⇛More than 7 lakh shops can be closed on a permanent basis due to the corona crisis lockdown effect. This includes about 6 lacks grocery stores and about 1 lacks retail smartphone vendors. The Consumer Goods Company says that most of the shops are currently tumbling with cash.

⇛According to the All India Mobile Association, even after getting the sale of non-essential goods, 60 percent of the shops selling smartphones have not opened in retail. According to the Parle Company, about 10% of the 58 lacks small shops selling the producers of Parle Company have closed in April and May.

⇛There are about 1.2 crore small retail outlets in the country. These outlets sell grocery and FMCG products. A large number of retail outlets have been affected due to the lockdown.