Current slowdown is very real
29% people last month have defaulted on EMI payment due to business downturn and 36% due to delayed salaries. There is a major cash crunch in the industry. The surveyors looked at 200000 cases that went into recovery phase. The Government must do something to ease this cash crunch for businesses and people. more
The economy is in problems severe in many sectors, and this is all the result of sudden changes in Govt. policies. Demonetisation and poorly framed GST roll out in a hurry killed the economic momentum. Corrections to GST laws came later.. GST needs more corrections.
Apart from the above the body language of Mr. Arun Jaitley. late FM made matters worse, and the zeal to do business by investing evaporated.
Startups got the hit of Angel Tax. Existing businesses , specially small ones became dry with no money. Consumers don't have money to spend. Job creation is lowest.
And no momentum from Central Govt. more
This is an ongoing process and the data seems to be overlapping in this case and is not comparative for longer period. more
Cannot agree more, but the government has not come out with any concrete plan of action, including GST, they had asked for inputs etc, but noting forthcoming! more
This is A reality. industries as well as small business group really suffering to maintain day to day expenses. how they can pay EMI. it may due some wrong policies by Govt. due to all segments are suffering. Thanks for quoting the core issue now a days. more
Need to understand that human beings are not bricks that mason can construct building of any design. To change human being you got to wait for change of generations more