1. March car sales tumbling
2. Manufacturing PMI coming down fast
3. Core sector growth goes into negative
4. Air travel is reducing.
All 4 items I mentioned above are, as I said before is symptoms of the start of a terrible down trend. Without any evidence corrupt government officials, corporate mafia and media brokers are talking about bottoming out etc... It is nothing but cheating. We need to see some evidence like higher low etc to talk about bottoming out.
Media brokers are telling (especially Times of India) that car sales are tumbling because of high interest rates. I have one question for this broker. What was the lowest interest rate offered for car loan in India and when? think about it.
I propose some ideas to government:
1. Government can go for a house to house survey and if any family without a car is found, they can be forcibly sign for a car loan. If they dont agree, they can be arrested.
2. The above idea can be tried for 2nd car also. Who cares about traffic? We need to feed the car companies right? Who cares about farmers committing suicide?
