2-day TU strike will hurt India big time

February 19, 2013 14:43

Assocham on Tuesday appealed to the central trade unions to call off their two-day strike as the country's economy will take a big hit of Rs 15,000-20,000 crore from the nation-wide disruption.
The Assocham has estimated the national loss figures based on the daily erosion of about 30-40 per cent to the country's Gross Domestic Production (GDP) for two days. As per the advanced estimates of the CSO, the national GDP for the current financial year is projected to be about Rs 95 lakh crore. In other words, it is Rs 26,000 crore per day and Rs 52,000 crore for two days. Of this , the strike would take its toll on at least 30-40 per cent - Rs 15,000 crore-Rs 20, 000 crore.

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