Breaking News
• CASAGRAND Aspiring Stars Program felicitates Young Tennis Champion Suhitha Maruri from Bengaluru    • Qingdao Hicorp Group Heavy Industry Science & Technology Company Attended EXCON 2019 International Construction Machinery Exhibition    • New Hydraulic Excavator From beml    • At Excon 2019, Komatsu, L&T and Scania reaffirm commitment to the CE Industry    • Komatsu PC210-10M0, NextGen Truly Efficient Excavator, launched by L&T at Excon 2019    • Doosan Bobcat India to launch Volvo Penta powered air compressors at EXCON 2019    • ACE showcased the best in Construction Equipment Industry at Excon 2019    • AJAX launched 3 Next-Gen innovation products at EXCON 2019    • Hyundai CE India launches five new Excavators and Forklift range at Excon 2019    • GS Caltex India wins prestigious Yellow Dot Awards for most innovative part supplier-Lubricant category to Construction Industry during EXCON 2019    • ZOOMLION Appears on the Indian EXCON and Localized High-end Equipment Highlights the Market Competitiveness    • Rossi technologies moves the Indian Industry    • JCB India launches its all new ecoXpert Backhoe Loader; introduces the NXT series and the Quarry Master range of Excavators, also launches its new range of side engined Telehandlers at Excon'19    • ‘Over dimensional cargo movement is critical for completion of large infra projects'    • Voltas presents Design Wall 2019 Delhi    • Trimble showcases next-gen solutions for Civil Engineering & Construction Segment at EXCON 2019    • Shell Lubricants India showcases future ready solutions at EXCON 2019 enabling “Less Downtime, More Go Time” for industry players    • Schwing Stetter participates in EXCON 2019, launches 22 new products    • Leeboy India Construction Equipment (P) Ltd,    • CUMMINS INDIA BUILDS ON 100 YEARS OF INNOVATION AT EXCON    • Indian Railways to invest over ? 10 lakh crore on various projects in the next 5 years    • India has the potential to lead the world in Technology: Mr. Kris Gopalakrishnan at CII EXCON 2019    • “Expect 40% Increase in Sales”: Nitin Gadkari to Construction Equipment Industry    • Atlas Copco unveils next generation portable air compressors at Excon 2019 in Bengaluru    • CASE India becomes a full liner with launch of CX220C Excavator   

INDIA”S ECONOMIC SLOWDOWN - REAL OR MANMADE?


India in is grip of economic slowdown or popularly known as depression.

The Indian economy is passing through a phase of economic slowdown, with GDP growth registering at one of the lowest rates of 5.8 per cent in the last quarter of FY19. The GDP growth rate for the first quarter of FY20 is feared to be lower than 5.8 per cent. While there is a consensus that the economy is slowing down, the debate is still going on whether the slowdown is structural or cyclical.

Most experts will agree it's a low cyclical slowdown where in it is a period of lean economic activity that occurs at regular intervals.

WHAT IS BUSINESS CYCLE?
The business cycle is the natural rise and fall of economic growth that occurs over time. The cycle is a useful tool for analyzing the economy. It can also help you make better financial decisions. 

STAGES
Each business cycle has four phases. They are ;
1) Expansion,
2) Peak, 
3) Contraction, and
4) Trough. (to reach a low level, price, etc. before going up again)

They don't occur at regular intervals. But they do have recognizable indicators.
However the Business Cycles are of two types eg. Cyclical or structural.

A cyclical slow down : is a part of the business cycle having its peaks and troughs. The economy will be moving in cycles with periods of peak performance followed by a downturn and then a trough of low activity. These are expected to be short-term problems that could be addressed with an adequate mix of fiscal and monetary policies.
 
A Structural slow down is : On the other hand, sometimes the problems of the economy can go deeper, impeding the efficient and fair production of goods and services. In such a scenario, a monetary and fiscal stimulus won't be enough to revive the economy. Fixing such problems would require the government to undertake some structural policies. The best example in this regard would be the reforms that were carried out to address the crisis in 1991.

Decoding the nature of India's economic slowdown


CONSTRUCTION TECHNOLOGY TODAY Magazine had the opportunity to interview some 20 entrepreneurs during this low ebb of the economy.

It is a matter of great delight that instead of focusing on the problem they came up with great insight and enlighten us on how the entrepreneur faced the problem and charted their winning course.

The entrepreneurs were poised the following questions.

1) Do you believe that Indian economy is passing through low ebb of the economic activity?
2) What is the reason?
3) How did you face the present situation?
4) How is your product range doing especially your flag ship product?
5) Have you added any new features to delight your customer?

“The Strength comes from struggle. When you learn to see your struggles as opportunities to become stronger, better, wiser, then your thinking shifts from “I can't do this” to “I must do this.”