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5 reasons behind India’s economic crisis

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India was supposed to be the world's fastest-growing major economy. Its middle-class was supposed to the target for all FMCG companies. What happened to the India story? ************* Sources: 1a. Consumer crash https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/brief-warning-innerwear-sales-reveal-a-slowdown/articleshow/70694601.cms https://qz.com/649200/greenspan-has-a-very-accurate-mens-underwear-index/ https://www.hindustantimes.com/india-news/how-bad-is-the-current-economic-slowdown/story-iKrFN4QkbzE2I6F0WukitJ.html https://www.moneycontrol.com/news/business/baba-ramdevs-patanjali-urban-sales-fall-rural-slows-down-report-4288911.html https://economictimes.indiatimes.com/industry/cons-products/liquor/spirits-cigarettes-sales-down-amid-spending-slump/articleshow/70636559.cms 1b. Automobile crash https://www.indiatoday.in/business/story/auto-sector-crisis-two-lakh-jobs-industry-worst-crisis-20-years-1580386-2019-08-13 https://www.indiatoday.in/magazine/cover-story/story/20190812-the-crash-of-2019-1576008-2019-08-02 https://theprint.in/economy/maruti-suzukis-car-sales-in-india-drop-to-lowest-in-seven-years/270839/ https://www.bloombergquint.com/global-economics/worst-liquidity-crunch-in-two-years-spooks-indian-financiers https://www.aljazeera.com/ajimpact/indian-auto-crisis-fallout-roughly-465000-people-lose-jobs-190806184942332.html https://www.livemint.com/videos/passenger-vehicles-july-sales-worst-in-20-years-1564757764537.html 2. Where are the jobs https://www.thehindu.com/business/Economy/unemployment-rate-at-45-year-high-confirms-labour-ministry-data/article27379174.ece https://timesofindia.indiatimes.com/business/india-business/its-confirmed-for-private-sector-salaries-this-was-the-worst-year-in-a-decade/articleshow/70770148.cms?utm_source=twitter.com&utm_medium=social&utm_campaign=TOIMobile https://www.livemint.com/politics/news/india-s-hiring-activity-slows-as-economy-cools-care-ratings-1566201925394.html https://www.bloombergquint.com/business/unskilled-labourers-battle-despair-in-a-slowing-indian-economy https://www.hindustantimes.com/india-news/rural-incomes-slow-down-may-necessitate-stimulus/story-tFY6c6SVsSjzRLvzrq3C5O.html https://timesofindia.indiatimes.com/india/why-construction-jobs-are-fading/articleshow/70651409.cms?utm_source=twitter.com&utm_medium=social&utm_campaign=TOIIndiaNews 3. Govt has no money! https://economictimes.indiatimes.com/news/economy/infrastructure/i-day-speech-modi-says-will-invest-rs-100-lakh-crore-in-infra-5-trillion-economy-target-achievable/articleshow/70686149.cms?from=mdr https://scroll.in/article/934066/in-charts-the-modi-government-is-facing-a-serious-cash-crunch-thanks-to-gst https://www.bbc.com/news/world-asia-india-48960315 https://www.indiatoday.in/business/story/tax-terrorism-widespread-pressurizes-people-tv-mohandas-pai-1577045-2019-08-04 https://www.business-standard.com/article/companies/ccd-crisis-i-t-officer-draws-flak-for-tax-terrorism-day-before-retirement-119073100069_1.html https://theprint.in/economy/modi-govt-risks-national-small-savings-fund-by-using-it-to-support-struggling-psus/278698/ 4. Global slowdown https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/15-jobs-lost-in-gujarat-diamond-hub/articleshow/70765864.cms?utm_source=twitter.com&utm_medium=Social&utm_campaign=ETTWMain https://economictimes.indiatimes.com/news/international/world-news/global-economy-inching-towards-recession-morgan-stanley/articleshow/70644043.cms?utm_source=WAPusers&utm_medium=twittershare&utm_campaign=socialsharebutton&from=mdr https://www.vox.com/2019/8/14/20805404/yield-curve-inversion-recession-10-year-2-year https://economictimes.indiatimes.com/news/economy/foreign-trade/exports-shrink-as-global-tariff-war-takes-toll-on-indian-trade/articleshow/70237460.cms?from=mdr 5. Investment https://www.livemint.com/news/india/15-ways-to-define-india-s-slowdown-1565715613762.html https://www.livemint.com/opinion/columns/opinion-is-india-headed-for-its-worst-growth-recession-in-a-decade-1566320477197.html ****************************** Music Credits: CFM Production Copyright Free Music - Space - Trip Trap Hip Hop Beat https://www.youtube.com/channel/UCIe5... provided by CFM: https://cfmfreemusic.com
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