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SLOWDOWN OF THEINDIAN ECONOMY

By:

Deepshikha

Divya Vishwanadh

Sani!a Tand"n

S#$edha %#p!a

Swe!a Shish"dia

Vishakha &padhyaya

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CAUSES

• Galloping inflation and sky rocketing prices ofcrude oil and other commodities.

• One of the most important causes of economicrecession is unrestrained capitalism. We arepaying our dues for years of overproduction andrampant greed.

•  Another one of the important causes ofeconomic recession is falling demand for goods

and services.• he demand for the e!cess production "ust #on$t

%e there& and #e have a #aste of resources.

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 Affected 'ndian 'ndustries

E!port 'ndustry

' 'ndustry

(eal Estate Sector 

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Effect On ' 'ndustry

(esorted to cost cutting.

)ess recruitment of ne#

personnel.

*elay in payment ofsalaries.

'n e!treme cases& layoffs

have also occurred. e.g.

Wipro has laid off +,,,

people to save costs.

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Effect On ' 'ndustry

'ndustries have

reported single digit

revenue gro#th. e.g.

-icrosoft& Oracle& andCisco have reported

/& 0/ and +/

gro#th respectively.

1he Economic imes

dated 02,+2,,3 to

42,+2,,35.

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Effect On (eal Estate Sector

 As a result of hike of interestrates& E-' and tenure of loanshas increased #hich in turnreduces the demand of realestate.

he market rates in 'ndia are

also dropped %y 6, to 7,/ inmost of prominent as #ell asupcoming cities.

8oung property investors in 'ndiaare selling off their assets at aloss %ecause they can no longer

afford to pay the interest andcosts associated #ith o#ningmultiple properties.

1 he Economic imes dated

2,92,,3 to 42,92,,35

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Effect on E!port 'ndustry

 E!ports for Octo%er ,,:contracted %y 6+/ on a year2on2year %asis.

Close to +,/ of 'ndia;s e!ports2 te!tiles& garments& gems and

 "e#ellery& leather and so on2originate from the la%our2intensive small2 and medium2enterprises.

 A sharp fall in e!port gro#th

could mean "o% losses in thissector.1 he Economic imes dated+2,92,,3 to 62,4 ,,35