Almost the entire world including India is facing an unprecedented crisis due to the corona virus epidemic. Cases of corona infection continue to occur in India. 2020 is like a terrible nightmare for the businessman. Festivals and weddings in India are both dependent on trade.
Talking about the festivals in lockdown, it is also very bad. Deals for big festivals like Rakshabandhan, Dussehra, Diwali start from April itself, but this time due to the lockdown the deals could not be done. With the growing case of Coronavirus and the economic slowdown knocking down sales, traders are no longer willing to do deals. Seeing the tight condition of the general public, the businessmen are afraid to order more goods.
Because if there is no sale, then you will incur losses from 6 to 8 lakh crore rupees on the festivals in the country. Now, if we talk about Rakhi, Rakshabandhan comes in August but preparations start from April and there are many deals by June. But this time, due to the lockdown, preparations did not start. According to the news, let me tell you that the market is also closed, due to which traders are feeling that this is the worst business of Rakhi in the last 30 years.