Let’s find out what the media, numbers, and business owners are saying 👇
The Numbers:
Media reports highlight slowing indicators:
📉GST growth
📉Industrial production
📉Purchasing Managers’ Index (PMI)
But personal income tax collections paint a different picture:
👉 Last year: 20% growth
👉 This year: Advance tax collections up 22%
The Ground Reality:
Rahul from the LLA team spoke to business owners about their Diwali season sales compared to last year:
1. Sales have dropped 30-40%.
2. Last Diwali was good; this one has been slow.
3. Sales are down by 25-30%.
4. Car sales have grown 35-40%
The Big Question:
What’s really happening with our economy?
