Empty lanes and shops and piles of lehengas waiting for customers - that is how Chandni Chowk, the hub of bridal shopping, looks like this wedding season. The market, popular for its designer clothes available at affordable rates, has been hit by the cash crunch post demonetization. Since customers here prefer to pay in cash, and only a few shops accept e-payment, shopkeepers say that they are not doing even half of the business they usually do in the wedding season. Sales have dropped by 80% Since the market deals mostly in cash, the demonetization has hit the shopkeepers hard. "There are no customers. Our sales have dropped by 80% because this market runs on cash. Though we accept cards,...
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