Economic slowdown cause
I believe that the economic slowdown is a because of a rebellion from tax paying citizens in India. The tax paying citizens have just stopped purchasing anything not absolutely necessary. I myself earn about 7 lakh per month ( 2.5 lakh salary , about 2/2.5 lakh esops and 2/2.5 lakh fno income per month).
I end up paying 16-17 lakh as income tax every year .
I have consciously stopped paying for anything not absolutely necessary because after paying this much for income tax ,I am just not in the mood to pay anymore indirect tax.
I travel by BMTC busses(stopped using rapido as well,stopped autos waaaaaay long back as the autos charge a non kannadigga tax). Eat only at the office.walk to the office.stay paying minimal rent.
Saving up to buy Portuguese citizenship now.
More power to the rebellion ,hope the economy crumbles, and banks deposit ratios worsens even further.
Will buy the dip in my parents name with the shitload of money I'm saving up.