ARE WE HEADING TOWARDS RECESSION?
I would like to discuss the issue like this. No doubt the situation is not all that good. there are a host of reasons for this. First and foremost is the attitude of Auto makers who while riding the boom, have not bothered to do inward looking strategy to prepare for such an eventuality. With BS Vi norms kicking in, customers are a worried lot not knowing whether they can buy vehicles which do not meet the norms and whether they will be able to use them once the new norms kick in. Added to this crisis that has hit NBFC's drying up funds availability. Second Governments push for electric vehicles. How many auto makers have put in place systems to get ready for this? Else have they looked at alternates? Depending on doles from Government for their problems is not the solution. For, if one sector gets concession which in any case is not a necessity, will open Pandora box for others to clamor for benefits and Government will have only time to dole out . I have been heading an association as Secretary who mainly depend on Automotive sector . They are affected badly. But instead of crying, they have put in place alternate products and markets to survive. added to this India story is still intact if you look at the global scenario which is worse than India. The present situation is only an aberration and most of it is the making of Automotive sector. more
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I AM SORRY PEOPLE ARE WORRIED THAT SALE OF VEHICLE WILL REPAIR THE ECONOMY. WE ARE SUPPOSE TO BUILD OUR OWN THOUGHT PROCESS AWAY FROM SOME CNBC OR BUSINESS NET WORK. THE REAL PROBLEM REST WITH CONSUMPTION PATTERN. WE APPLY G 7 NORMS FOR OUR ECONOMY AND SPEAK. FOOLISH. WE HAVE NOW SEALED THE UPPER MIDDLE CLASS NEW JOBS. THE RURAL RICH ARE ALSO HAVE SLOWED DOWN THEIR LUXURY CONSUMPTION. BLACK MONEY ABOLITION THREATS HAVE STOPPED THE DISPLAY OF LUXURY AND OWNING MORE AND MORE COSTLY UTILITIES AS EVERYTHING HAS COME WITHIN TAX BRACKETS. SO, THE CONSUMPTION PATTERN DECIDES THE GROWTH AND ABSORPTION OF PRODUCES. WEALTH IS CONCENTRATING IN THE HANDS OF CORPORATE AND SUPER RICH. YOU IGNORE THE 80% OF POOR THEY ARE NOT COMING INTO ANY BRACKET. THEY WERE BORN TO EAT WHAT THEY GET AND ADDITIONALLY THE BIG BONUS IS GIVEN TO THEM IS POLITICIANS PROMISES. SO, IT IS HARD TO REPAIR UNLESS, PEOPLE REALISE THAT THEY NATION IS IN THE WRONG ROAD LEADING TO DESERT. more
Sep 07
IN SOCIAL MEDIA, WE SHOULD NOT SHUT ANYBODY UP. NORMALLY, IN LOCAL CIRCLES, ONLY EDUCATED PERSONS ARE ASSOCIATES AND THEY ARE EXPECTED TO EXERCISE CONTROL OVER THEIR LANGUAGES ETC. HERE, AT THIS PLATFORM WE EXPRESS OUR VIEWS AND TOO MUCH DIFFERENCE IS NOT GOING TO BE MADE. THERE ARE LIMITATIONS IN EACH SECTOR AND AUTOMOBILE SECTOR IS NO EXCEPTION. more
Sep 03
There is Economic recession, I do not have solutions as I am not Economist. But I advise people not to Panic and do things in Haste or spread rumors. Be disciplined and conservative and cut down your wasteful expenditure. Improve your savings. Chant GODs name one hour daily for the good of nation more
Sep 03
I have one remarks to make... people, government are so much concerned about vehicular pollution in the cities and country across. Is it not positive trend specially reduction in passenger vehicles as more and more people opt for public transportation? I know, there are job losses... more
Sep 03
sorry govt is not going to reduce passanger vehicles but now electric vehicles will be in demand in future for sure specially private vehilcles more
Sep 03
We are heading towards recession. Problem is not GST or taxing. But there are two parallel economy . Private sector refuse to expand more. The financial capital or compredor capital is dominantly running the state with mere business , money , turnover or services . this has turned down the consumption as jobs are gone and return on income has gone down .Government is diverting the nation from the real disease and indulging in jingoism and rhetoric. People are worried about the brute control of state. Kashmir state now spreading anxiety in the minds of the people. If the government can compress a state, everywhere the same ruthless power will manifest. A PERSON WITH HEART DISEASE WILL NOT BE COMFORTABLE TO EAT OR TO LEAD A FREE LIFE. NATION HAS GOT THE SAME HEART PROBLEM more
Sep 02
