Economy jitters
Guwahati, Aug. 24 -- By now it is becoming increasingly clear that the Indian economy is slowing down, if not quite sliding into a recession phase. All indicators of the health of the economy, including growth in the Gross Domestic Product, exports, agricultural sector, etc., are showing a negative trend. One of the strongest indicators of a healthy economy is the sale of automobiles, three- and two-wheelers. As reported in the media, their sales have fallen drastically, coercing manufacturing companies to lay off thousands of workers. Same is the case with a number of consumer items which have shown a declining trend, and is also reflected in the crisis afflicting the real estate sector with thousands of apartment units remaining unsold. F...
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