Impact of G20 Summit on New Delhi: Economic Losses and Security Measures

2023-09-11 15:44:44
2023-09-11 23:44 Compiled by Hong Qiyuan of Economic Daily/Comprehensive Foreign News

For the Indian government, the Group of 20 (G20) summit hosted in the past two days may have ended in glory, but the government partially suspended commercial activities in the capital New Delhi on the grounds of security during the summit. It is initially estimated that New Delhi suffered a loss of about 10 billion rupees. (US$120 million, approximately NT$3.8 billion) loss.

The New Delhi authorities required schools, banks, private businesses and government departments to remain closed during the summit, leaving New Delhi’s streets deserted and businesses almost at a standstill. India also controlled the borders of New Delhi during the summit to prepare for the arrival of dignitaries from various countries to attend the summit.

Goyal, chairman of the London Chamber of Commerce and Industry (LCCI), said that due to strict security measures, the passenger flow in several markets in New Delhi has dropped to only about 10% of normal hours. He said that nearly 400,000 buyers in India come to New Delhi from nearby cities every day, but there was hardly a customer to be found during the summit.

Goyal said some shops in New Delhi were open only for half a day. According to Indian media reports, in response to the G20 Summit, New Delhi has planned consecutive holidays from the 8th to the 10th of this month to encourage local people to travel.

Before the G20 summit, Prime Minister Narendra Modi apologized to Delhi residents for the inconvenience the summit may cause.european news agency

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However, before the summit, Prime Minister Narendra Modi apologized to Delhi residents for the inconvenience the summit may cause.

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