Chandigarh: Udyog Mandal Assocham (ASSOCHAM) has said that the economy of Punjab, Haryana, Himachal Pradesh Jammu and Kashmir is suffering 'major injury' due to farmers' movement. Assocham has requested the Central Government and farmer organizations to remove the deadlock over the new agricultural laws soon. According to rough estimates by the industry body, the movement of farmers has affected the value chain transportation of the region, causing a loss of Rs 3,000-3,500 crore every day.

Assocham chief Niranjan Hiranandani said that the collective size of the economies of Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir is about Rs 18 lakh crore. Economic activities have come to a standstill due to farmers' protests, road, toll plaza rail services coming to a standstill. Earlier, the Confederation of Indian Industry (CII) on Monday said that the supply chain has been disrupted due to the farmer movement. It will have an impact on the economy in the coming days.

It may also affect the revival of the economy. Hiranandani said that industries like textiles, auto components, bicycles, sporting goods will not be able to meet their export orders before Christmas, which will tarnish their image among global companies.

Also Read-

Filmmaker Ashoke Pandit slams Rahul Gandhi over farmers' issues

Farmers' agitation: SC issues notice to Centre, proposes formation of panel to resolve issue

PM Modi meets Britain's foreign minister Dominic Raab, discusses these important issues