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February car sales crash by 26%
Biggest fall in more than 12 years!!!
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India's car sales in February fell 26 per cent from a year earlier, the biggest fall in more than 12 years, as weakness in the economy and high cost of fuel and finance continued to dampen demand.
Car manufacturers sold 158,513 units in February compared with 213,362 in the same month a year ago, the Society of Indian Automobile Manufacturers (SIAM) said on Monday. It was the fourth consecutive monthly slide and the worst performance since December 2000, when sales had plunged 40 per cent.
SIAM said car sales could decline by a larger margin for the full fiscal year as all industry segments are showing signs of deceleration.
"There is no incentive to buy new cars or replace the older ones. We expect the slowdown in sales to continue for the larger part of 2013, beyond the current fiscal year that ends in March," SIAM deputy director general Sugato Sen said.
"There is no incentive to buy new cars or replace the older ones. We expect the slowdown in sales to continue for the larger part of 2013, beyond the current fiscal year that ends in March," SIAM deputy director general Sugato Sen said.
"The real impact is felt more at the bottom of the pyramid for people who buy the smaller cars as demand for entry level compact cars have dropped significantly."
Demand for vehicles in India, a barometer of the country's economic health, is led by a middle class that mostly bases its decision to buy on the price of fuel and loans.
Just Read
The average age of employees at India’s top software services exporter — Tata Consultancy Services (TCS), one of the country’s largest private sector employers — is 28.
This is 10 years less than the median age at American technology giant Oracle.
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The composition of TCS employees is a reflection of India’s young and burgeoning working-age population — a competitive edge that sets Asia’s third-largest economy apart from countries across the world, many of which are aging fast.
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“India has close to ideal demographics. It’s in a sweet spot"
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India’s “demographic dividend” — the window of opportunity that a large workforce creates to strengthen an economy — could add 2 percentage points to the country’s annual growth rate over the next two decades.
India’s youthful population is also contributing to India’s consumption boom.
Between 2006 and 2011, consumer spending in the country almost doubled, from $549 billion to $1.06 trillion. This is just the beginning.
India's consumer spending to grow to $3.50 trillion in next 5-7 years due to young people .
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Biggest Three Investment Call For Investor!!!!
1.Consumption Stocks
2.Consumption Stocks
3.Consumption Stocks
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IF & BUT
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Warren Buffett’s investment ideas asks us to buy stocksof only those companies whose “fundamentals” are very strong and its stock is available at “undervalued price”. When we say strong fundamentals we mean a healthy financial report, unique product line which is run by exceptional managers.
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