The corona outbreak has had a significant impact on both health and the economy. As a result, there has been an increase in the number of traders who have committed suicide in 2020 as compared to 2019. On Tuesday, the Central Government informed Parliament's Winter Session that 11716 merchants had died in 2020. This represents a 29% increase over the previous year. That is, there is clear evidence that merchants have experienced greater economic stresses and problems than farmers throughout the 2020 corona era.
According to NCRB Accidents and Suicides in India, 9052 business-related persons committed suicide in India this year, according to the Home Ministry. Meanwhile, in 2020, 11,716 individuals will commit suicide. Suicide cases have not been categorised by the NCRB. The government, on the other hand, claims that most of the self-immolating traders were not connected to the MSME sector.
According to the NCRB data, 11,716 merchants and 10,677 farmers committed suicide in 2020. According to data, 1.44 farmers committed suicide for every 1 merchant in 2015, whereas in 2020, 1.1 businessmen had died for every farmer.