There is no slow down in this world; there is a slowing down.
People used to buy things that they did not need, they could not afford and they did not deserve. World over , the governments and the banking system have become cautious and this has put people under self control. Earlier when they wanted something ( one piece) , they bought half a dozen and that too without checking the price tag.
This has changed. Now they buy only what they want and they have also become price conscious.
People are screaming about some of the industries not doing well. Automotive industry and real estate business to name two of them.
Earlier people were buying cars either using their ill gotten money ( black) or through bank loans, without bothering about the EMIs. When their car got confiscated, they went for another car through another loan. They don’t need to be saved to save the automobile industry. When the automakers were making tons of money, they did not do anything special or worthwhile for the country or its people.
Houses that could be constructed and sold for Rs 2000 per sq ft was sold for Rs 20,000 and the profits were siphoned off. Today it’s better to stay in a rented apartment close to one’s work place or to Children’s school.
The rent paid will be much better than the EMI , society charges etc. if prices were manipulated to go up every day in the past, it’s going down every hour.
Without much efforts , we are creating a back ground road for affordable housing.
Also when car becomes just a status symbol, people will start using public transport they services.
If the government can go a little faster in getting closer to all those with ill gotten money ( politicians , government servants and unethical business enterprises), they will have more money for infrastructure development, which will generate employment.
Agriculture can create a whole lot of jobs across india. But youngsters want government jobs with their job profile matching ‘ platform ticket clerks). They want a job that they can do with the help of a simple calculator.
There is no slow down but only a slowing down.
The share market was anyway an inflated place. The share prices had/ have nothing close to reality. Markets were misused by unethical brokers and business men. Let it come down to its REAL prices.