How falling sales of vehicles can hamper growth
In March 2019, sales of cars, motorcycles, scooters, CVs and tractors fell in comparison to March 2018
Sales have fallen for two consecutive months, something which did not happen during the last five years
Economic bodies, including the central bank and the International Monetary Fund, have revised India’s growth forecast for 2019-20. The slowdown is visible in the sales of cars, motorcycles, scooters, commercial vehicles and tractors. Mint analyses the implications.