Recent trends in economic growth give clear indications about the world wide depression. When I go to a shop, I do not see any rush there. The same is the case with Banks, where I find practically no que. Sensex is going down, there is no demand for loans by Industrial Houses, compelling Banks to reduce lending rates, and, our growth rate is very low.
For ordinary people, price rise is unbearable. I went to buy vegetables, but came back, without buying anything, after hearing the rates.
The world over, the scenario is not different. What sustains the economy from total collapse, is defence spending.
Investments in infrastructure works, like the Railways and road ways is helpful.
We have to tighten our belts.
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