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India: Mumbai COVID lockdown spells trouble for businesses
India is among the countries hardest hit by in the second wave of the COVID-19 pandemic not only in terms of human life, but also economically.
Small businesss in Mumbai are facing bankruptcy during the lockdown
Rakesh Kumar Nayal runs a grocery store in the suburbs of Mumbai, a shop the 55-year-old has been running for the last 18 years. The business is down by 25%, he said. Only those people who have our cellphone numbers place orders with us, others are using online services like Grofers and D-mart. I have five employees and four hours of operations do not justify their salary or our expenses. Sometimes the police also harasses us to shut the shop. We bring our shutters down and do our business in this congested and airless shop. It is very difficult.
India: Mumbai lockdown spells trouble for businesses
India is among the countries hardest hit by in the second year of the COVID-19 pandemic, not only in terms of human life, but also economically.
Small businesss in Mumbai are facing bankruptcy during the lockdown
Rakesh Kumar Nayal runs a grocery store in the suburbs of Mumbai, a shop the 55-year-old has been running for the last 18 years. The business is down by 25%, he said. Only those people who have our cellphone numbers place orders with us, others are using online services like Grofers and D-mart. I have five employees and four hours of operations do not justify their salary or our expenses. Sometimes the police also harasses us to shut the shop. We bring our shutters down and do our business in this congested and airless shop. It is very difficult.