Notes on Indian equities, sectors and economy

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 92 other followers

  • Top Posts & Pages

Slowdown – More anecdotes

Posted by fairval on October 23, 2008

HT yesterday had a nice story on slowdown in travel sector. Even biggies like Rak Travels and Kesari are talking of a serious slowdown. Both these companies are talking of 30-40% drop in demand. This is not merely a slowdown, it is a contraction!

Smaller operators are talking of laying off staff, some 1-2 operators quoted in the story were talking of shutting shop. So — will the services sector in India still grow 9% plus, as some GDP forecasts are assuming. I very much doubt it


One Response to “Slowdown – More anecdotes”

  1. Jai said

    There has been a lot of talk recently about Unitech and DLF going bankrupt.Is that a possibility? Would that create a ripple effect if it were to happen?To what extent can the real estate sector correct?Jai

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: