High inflation, rising interests and difficulties in getting jobs: These are some of the signs of a country hit by economic slowdown. People in Europe, America and the West are battling such situations. But till now India, Brazil, Turkey, China and South African were happening places as their economies were moving around well. But it appears that things have gone bad with India as reports point out that due to sliding rupee many investors are thinking twice coming to India.
Also, India’s industrial growth has nosedived. The middle class people are worst hit as they are forced to spend more for day to day expenditure with their salary not increasing. Corporate honchos too are worried by the situation and they are mulling ways to put the economy back on the track. With this in their minds many industrialists are coming together to share their views at the sixth Reuters India Investment Summit that is to start from November 21 to 23.
Even economists have expressed their concern over the slowing of investment and capital expenditure. Chief economist at the Confederation of Indian Industry Bidisha Ganguly too accepts the fact that some steps need to be taken to get the economy back on the roll.
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