How entry level car sale drop points to deeper economic disaster
The slack sales of entry-level cars are not just the result of market dynamics or shift in consumer preferences. It points to the deeper malaise creeping into the Indian economy. It signals the faltering of the economic base of the country. While India is surely moving towards becoming a USD5.00 trillion economy, its growth is definitely not following the inclusive, pyramidal shape. In fact, economists devise new jargon like “K-shaped growth” and so on to shy away from the rude fact that the rich are definitely becoming richer while the poor are left to their lot.With the 2W sales still at 2014-15 levels, the fissures at the base of the 4W pyramid are getting deeper and bigger.
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