financetom
Politics
financetom
/
Politics
/
Rajasthan Assembly Elections 2018: Traders at Jaipur's Johri Bazaar still bear the brunt of GST
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rajasthan Assembly Elections 2018: Traders at Jaipur's Johri Bazaar still bear the brunt of GST
Nov 22, 2018 5:29 AM

The state of Rajasthan goes to polls in barely three weeks and ahead of that CNBC-TV18 traveled to Johri Bazaar, the biggest market in Jaipur, to get a sense of how the business is doing after the goods and services tax (GST).

The traders, whom CNBC-TV18 spoke to, felt neglected by the centre and the state. According to them, the government has not focused on small traders and market sales have fallen by at least 40 percent.

Johri Bazaar, located at the heart of Jaipur, is the Pink City’s biggest market. It is crowded and full of colour and popular among the residents of Jaipur and tourists for gold and silver jewelry, clothes, handicrafts and mouth-watering Rajasthani delicacies. Traders call it the economic lifeline of Jaipur but ahead of elections, they are worried about the market sentiment.

Jewelers said that the 3 percent goods and services tax (GST) rate and demonetisation has turned customers away and has forced smaller traders to reduce staff as well.

Also watch-

Assembly Elections 2018: Rajasthan gets ready for polls

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.

First Published:Nov 22, 2018 2:29 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved