ECONOMIC CONDITIONS OF INDIA

DAY 12                                                                                          24 September 2019

                                                          ECONOMIC CONDITIONS OF INDIA

GOOD DAY TODAY!

Hello guys! how are  you all, hope you all enjoying the Day.
Habit of waking up early and late to bed make me some dizzy in morning but i manage somehow😂 and i love to daily.
Thought that doesn't let me sleep yesterday night was really disturbing but Brain works like that if you ignore something it will keep on poking and if you want to remember it will strike.
Thought was "ECONOMIC SLOWDOWN IN INDIA" as i am currently in the situation of no end where my studies are now almost over and for livelihood i have to earn but at this time situation are not in favor you know well why! reason is ECONOMIC SLOWDOWN.
Giant companies instead of hiring they firing employees but i think every coin has two faces might be this is one face and second one will be beautiful.

So today i will give you little information about our Economic conditions.

One of the rising issue in the Indian Economy is the slowdown which can lead to potential Recession.
India's economy growth has slashed to 4% in recent FY-19 that impacted several industries like Automobile industry. Several efforts are in action after weaken of Economy of India by Finance ministry.

  Even the latest annual report of the RBI for the fiscal year 2018-19 (or FY19) confirmed that the Indian economy has indeed hit a rough patch.

The GDP growth rate of the economy has slipped to 5 per cent in the first quarter of FY20, the lowest in over six years. These all figures are the indicators of bad Economical conditions. Companies cutting down its cost by initiating process of layoff, company like Parle-G lay-offed 20000 employees to lower its operational cost, food delivering Giant Zomato layoff 540 employees, rising star Uber layoff thousands of employees; these figures of layoffs are not limited to one industry.

Huge effort are in action by our Finance Ministry and RBI which certainly can let us out from this situation!

According to industry estimates, a million additional jobs stand to get affected in the auto component manufacturing sector if the slowdown persists. The automotive industry employs 37 million people, directly and indirectly. 


                 Hopefully this thought will gone soon and put me in better situation.


                                                          शुभ रात्रि। 



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