How to Fight the Current Economic Slowdown. Its Effects on Businesses.
How to Fight the Current Economic Slowdown. Its Effects on Businesses. India’s economy is at an all time low and is still slowing down gradually. According to the official GDP data that was released on 30th August, the country is going through the worst growth slowdown in six years. The crisis has finally reached the point where no one can deny its existence. From biscuit makers to automobile manufacturers , all types of businesses have faced a huge number of job losses which is extremely difficult to ignore. Shubhada Rao, a chief economist at YES Bank pointed at ‘job losses’ to be the key reason for the current situation. She said that people need “cash in their hands” so that they can make use of the supply. After June 2008 and March 2011, this is the third time that India is facing an economic slowdown in just a decade. There obviously have to be some catalysts that enabled this clear tumbling down of india’s economy . In this article we are going to point out s...