- 35% loss of jobs in micro-small industries, slated to go up to 60% by March
- 50% dip in manufacturing revenues, likely go up to 60% in next two months
- 35% job loss in infrastructure and road projects; 45% notional revenue loss
- Investments drop from Rs 2.36 trillion to Rs 1.25 trillion in Oct-Dec third quarter (Q3)
- 22% fall in two-wheeler sales, biggest dip since 1997
- 44% plunge in housing sale; notional revenue loss of Rs 22,600 crore
- Cement, steel, FMCG all paying between 10 and 25 lower advance tax for Q3
- Purchasing managers’ index (PMI) index down at 46.7, indicating contraction
- Business confidence in services sector lowest in 11 years
- Foreign portfolio investors selling equities worth Rs 18,909 cr for 18 consecutive days
- GDP growth 5.2%, lowest in 5 years, excluding government consumption
- Dollar breaching the Rs 68 mark
(Sources: The Hindu, The Indian Express, Business Standard, Mint, Mahesh Peri)
Graphic: courtesy Mint
Historic blunder..REMO/DEMO is a classic case of CANT CONVINCE..CONFUSE.
there were an array of options to put an end to the parallel economy in a humane,effective way, sadly the most radical,damaging option was chosen at the outset.
Digital economy in an under prepared country is a recipe for disaster..
people still remember contributions of narasimha rao, devegowda even though they had a silent yet effective way of functioning.
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Dr.Ramesh. are you still an ardent supporter of JDS?
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My support to JD s is on a principle that ONLY REGIONAL PARTIES CAN PROPEL INDIA TO THE NEXT LEVEL .. JD S is the best bet..HDK is the only hope for Karnataka..
win or loss, media’s bias against HDD,HDK will not alter the truth.
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Ah, Dr. Ramesappa, Chururumuri is back, and so are you. Cannot wait to hear you say that HDD is next only to rashtrapitha and his second offspring will someday transgress his regional identitity and, as PM, will submerge Bharatamma in a cesspool beyond the imagination of Garudapurana.
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Still remember those old churumuri days and nice to see you in action again,
Must confess I am very impressed with mamata banerjee too, her spirited fight against those who brought misery to the already suffering lives of common Indian…I see a larger national role for her..
mamatha,nitish,biju,HDK,kejri,Stalin,akhilesh mahamaithri dream Inching towards reality..
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