By Dr. Sudhir Ruparelia We are entering into recession period globally and the exception is likely to be India and China with approximately 2% GDP growth in 2020 which is way below the 5% – 8% seen in the past several years. For the benefit of all, I am sharing my perspective on such a scenario on a few aspects as below: What will change during the slowdown? Spend on luxury will come down drastically; Long-term / Capital expenditure such as construction, technology will be almost cut to nil; Lifestyle expenditure such as salary, rent, infrastructure, entertainment will be minimised;…
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