New Delhi: Worried about the impact of hazardous clouds of dust, smoke and fumes that hang over Delhi during the winter months, Vijay Shekhar Sharma, founder of Paytm payment start-up, left last Sunday for a temporary stay in Mumbai.
Several young professionals are escaping pollution that could cost the capital and the broader economy dear.
Recently, the capital city witnessed the worst smog in the last 17 years which left the people of Delhi with burning eyes and severe headaches.
"It became very visibly clear that it is going to be tough in Delhi, especially with young kids," Mr Sharma said in Mumbai.
His company, which has considered moving from its base outside Delhi, has installed air purifiers, brought in plants and masks and offered extra health assistance.
Telecoms operator Idea Cellular and others have allowed more employees to work at home, and hired buses so that car traffic is reduced - all at their own expense.
A few companies are thriving from the heavy smog hanging over the city earlier this month - providers of face masks and air purifiers have seen sales soar.
But others, like the car manufacturers, are in the firing line of local and national politicians who want to reduce the deadly haze, while estate agents and tour operators have complained of a slowdown in business.
Delhi, home to around 17 million people, is among the fastest growing states in India. Its $84 billion economy has been expanding at more than 8 percent for the past two years, faster than a 7.4 per cent national average.
Its air quality, meanwhile, has deteriorated, even by the standards of a country with some of the world's most polluted cities. Conditions have improved this week, but the problem is perennial and has been particularly acute this winter.
Jones Lang LaSalle (JLL), a global real estate services firm serving large corporates, said some clients were reconsidering Delhi as a base, as costs of working there rise.
"This is increasing their operational costs as they are being made to spend more to provide a healthy workplace to their employees," said Santosh Kumar, a senior executive at the firm.
Delhi's image is deteriorating more widely, a headache for tour promoters and a government touting "Brand India".
Some local tour operators say they are already receiving requests from overseas partners to redraw the itinerary of foreign tourists to avoid even an overnight stay in Delhi. Business travellers say they are cancelling trips.
Companies have yet to tot up the cost of a week of coughing, spluttering and watering eyes, but local industry lobby group Assocham estimates "several billions of dollars" of new investments are under threat.
A study by the World Bank shows Asia's third-largest economy lost 8.5 per cent of its GDP in 2013 due to air pollution.
The Delhi government has taken steps to reduce traffic amid widespread public anger at pollution that has caused choking, wheezing and breathlessness.
Licences are being withdrawn for diesel-powered vehicles older than 15 years, and authorities are considering resuming an "odd-even" scheme, under which cars can only travel in the city on alternate days depending on their registration number.
But not everyone is complaining about the smog.
Japan's Daikin has seen sales of air purifiers increase by up to three times since Diwali, and its stock that had been expected to last until March is exhausted.
To meet growing orders, the Osaka-based air-conditioner maker increased shipments from its Thai factory by 50 per cent.
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