Is India heading for a recession or is it the millennial being rational?
There is a slowdown in the automobile sector and the sales did not boost up during the festival season 2019. Even with the government providing stimulus, the car sales didn't pick up. There is another news about "Amazon.in sells Rs 750 cr worth of premium smartphones; Flipkart sees 2X growth on day 1" ( source ). Well that is a whopping 750 crore just for the premium smartphone by one seller in one day. And the total sales would be very much higher this festive season. So, can we consider the slow down in automobile sector as a sign of an economic slowdown?