BUSINESS
The pollution level is likely to take a toll on the NCR region and affect sectors like tourism, transport, automobile and real estate.
The alarming post-Diwali pollution is likely to take a toll on the entire National Capital region (NCR), crippling sectors like tourism, transport, automobile and real estate, according to a report.
"While it may be difficult to hazard a figure of economic loss, since the exact period of dangerous levels of pollutants would depend on the weather conditions along with administrative measures, there is no doubt that several billions of dollars of fresh investment and GDP loss would occur," Assocham Secretary General D S Rawat said. Besides, it would lead to a loss of confidence among the citizens, Rawat added.
The industry chamber observed that in the immediate term, the tourism season could be the worst-hit with the Delhi and NCR pollution making global headlines and creating an impression that visitors should avoid these places. A large number of foreign tourists visit the 'Golden Triangle' of Delhi-Agra-Jaipur (entire Rajasthan). It said the feedback from tour operators and hoteliers clearly points out a deep concern over the negative impact that the pollution can cause to the economy. "If urgent steps on emergency scale are not taken, the economic impact arising out of the health issues could be catastrophic for the NCR, one of the important pillars of the national economy. Besides, this is also a wake up call for other regions around Mumbai, Bengaluru, Hyderabad, Chennai and Kolkata," Rawat said.
In its analyis, Assocham noted that there are already requests from global tour operators to re-align the itinerary of the international tourists to the 'Golden Triangle'. "Instead of the tourists dividing period of stay between Delhi, Agra and Rajasthan, there have been enquiries where the visitors can avoid Delhi, excepting the touch-down options at the Indira Gandhi International Airport in the national capital," the chamber pointed out. It said that along with tourism, transportation would also take a hit if investment and flow of tourists suffer a setback.
Transportation is one of the key contributors to the national economy in the services sector. Both transportation and tourism are highly employment-oriented and jobs may be a casualty of the pollution, the Assocham paper noted. "Surely, the maximum impact would be felt by the Delhi economy which had the Gross State Domestic Product (GSDP) of Rs 5,58,745 crore in 2015-16 at current prices. The GSDP of Delhi has been among the fastest growing in the country, but such a growth cannot be taken for granted," it cautioned. The chamber suggested a holistic set of measures for short-term and long term to tackle pollution in the NCR. It said pollution should be handled at the top level in neighbouring states including Haryana, UP, Punjab and Rajasthan with active intervention of the Centre.
Delhi air pollution: Toxic smog chokes Delhi-NCR; AQI at 422
FPI inflows to bounce back India expected to attract USD 20-25 billion in FY25 Bank of Baroda
When AR Rahman talked about making adjustments after marrying Saira Banu: ‘I lost my…’
Bank Holiday November 2024: All banks to remain closed in THIS state today here's why
Bypolls 2024: 15 seats across Uttar Pradesh, Punjab, Kerala, Uttarakhand to vote today
Donald Trump attends launch of Elon Musk owned SpaceX’s Starship rocket in Texas
IAS officer's wife who 'eloped' with a gangster returns home; what happens next is bone-chilling
BGT: Jasprit Bumrah eyes Kapil Dev's elite record during India vs Australia Test series
Jharkhand Assembly Election 2024: Final phase of voting today, NDA, INDIA to fight for 38 seats
AR Rahman breaks silence on his separation from wife Saira Banu: 'Even the throne of God might...'
Meet India’s youngest female IAS officer, who cracked UPSC exam by self-study at 22, secured AIR...
'Kya baat hai': RJ Lucky mimics celebrities' voices to sing 'Mere Dhola 3.0', internet reacts, WATCH
India withdraws from Blind T20 World Cup in Pakistan due to...
‘Aiyyashi ka adda…’: Salman Khan’s farmhouse doesn’t belong to him but…
India beat Japan 2-0, to face China in final of Women's Asian Champions Trophy hockey
A gamble with radiation: The uncalculated risks of prolonged spaceflight
Roger Federer pens emotional tribute to Rafael Nadal ahead of his retirement
Dead man's eye goes missing at Patna hospital, doctors allege 'rats ate it off'
FIR against stand-up comic Yash Rathi for using derogatory words in his show at IIT Bhilai
How Zeenat Aman was instrumental in making Mithun Chakraborty a Bollywood hero to watch out for
Deepika Padukone, Ranveer Singh lease a new Mumbai apartment; monthly rent is whopping Rs...
Who is Mojtaba Khamenei, likely to take over as Iran's Supreme Leader?
Day before Maharashtra voting, BJP’s Vinod Tawde accused of distributing cash, poll body files case
When will ICC Champions Trophy 2025 schedule be announced? Know latest update here
BIG update on gold loans, RBI to soon bring this option to reduce lending gaps, it is...
Effective E-Commerce Promotion Strategies to Drive More Sales Revenue
Meet Shivraj, Aishwarya Rai's bodyguard, who earns more than CEOs, his whopping salary is...
Mahesh Babu subtly backs Nayanthara, Vignesh Shivan amid feud with Dhanush; here's how
Vladimir Putin to visit India says Russian government's spokesperson, official dates to be...
Vladimir Putin's BIG decision on nuclear weapons, threatens to use nukes against West if...
Virat Kohli’s bat being sold in Australia for THIS whopping price, watch video here
Apple quietly discontinues this popular iPhone accessory, once considered necessity, it is…
Air pollution: Delhi govt seeks centre's nod for artificial rain amid 500 AQI
Meet man, college dropout, youngest Indian on Hurun rich list at 21, his business is...
Cutting costs, boosting control: Viharika Bhimanapati's AI-powered ad-tech revolution
Viral video shows group of men stealing spotlight at wedding with their crazy dance moves
Moon Moon Sen's husband, Riya Sen and Raima Sen's father, Bharat Dev Varma, passes away in Kolkata
Dev Anand was 'desperately' in love with THIS superstar, got jealous when Raj Kapoor 'kissed' her
Shocking! Woman travelling from Kuala Lumpur found dead on Chennai-bound international flight
OpenAI in legal trouble: Delhi HC summons ChatGPT company over ANI copyright infringement allegation
This day that year: India’s heartbreaking loss to Australia in 2023 World Cup final
Centre acknowledges existential threats posed by big tech to digital news media and credible news
Sushmita Sen’s ex boyfriend Rohman Shawl breaks his silence on their relationship: ‘We are still…’
Did you know Nayanthara's real name is Diana? Here’s why she changed it
Mahindra's plan to pick up 50% stake in this European company stalled due to...
Relief for Malayalam actor Siddique as SC grants anticipatory bail in rape case
Meet woman who rejected high-paying job offer from abroad, cracked UPSC exam with AIR...
Banks Holiday November 2024: Banks to remain closed in THIS state tomorrow, know why
Israeli airstrike hits central Beirut near key government buildings and embassies
'Glad to have met...': PM Modi meets Italian PM Meloni on sidelines of G20 Summit
Shillong Teer Results TODAY November 19, 2024 Live Updates: Check lucky winning numbers
Nayanthara Beyond The Fairytale: Who is Nayanthara's ex-lover who asked her to quit cinema?
This stray dog becomes popular among tourists after it climbs Giza Pyramid, watch