Are we headed towards a recession?

Are we headed towards a recession?

Suraj Roy Suraj Roy

Suraj Roy

Brand Management | Revenue growth | D2C Business| NPD| Digital Marketing | Ex-ITC

发布日期: 2019年8月23日
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The steep loss of economic momentum in the country has now become the table talk everywhere. What started as a slowdown for the aviation industry, took others in its grasp. The latest statement by Parle (the staple biscuit for everyone since stoneage)-“difficult to retain employees, 8000-10000 jobs are on the stake”, came as a shock to one and all. Amidst the crisis of demand fall in the automobile industry, this further added to the anticipation of “are we headed towards a recession”?

Growth of Indirect Tax Collection < Nominal GDP

This means that demand which shifted to the formal sector after demonetization has found its way back to the informal sector.

Between March 2011 and June 2012, India lost 5.5 percent of quarter growth. What brings a little relief is the number is 2.6 percent for the current situation.

With slow income growth and vanishing jobs, households have no money. This brings an economic slowdown leaving most things up to a much a desirable change in the monetary policy responses.

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