He is talking about his own experience. What is your own experience? Leave out what you read from MSM.
From what I have seen and experienced, It isn't as bad as whats reported in the media. There were some initial hiccups but otherwise things are fine. A decrease in bootlegging and other evasive/illegal activities must've been included in this "slowdown".
The thing which is currently confusing and causing slowdown is GST implementation. Most businesses don't know what to do. This is to be expected. Feels like the govt wasn't fully ready with a streamlined implementation.
This is incredibly annoying. What do you mean it's all okay? For whom? You think the economy slowed down immediately after GST? No. GST's effect is yet to come in full flow. Dude the GDP has come to 6% in such a huge economy? You think that's a hiccup? Why aren't you all accepting numbers? If there is a small hiccup, then why is there a prolonged negative emotion in the country? If you ask how, see the recent attacks by the govt on a weak leader like Rahul Gandhi, this plan to electrify all villages. There was a plan to clean Ganga, clean the entire country as well. We all know how that went. If you don't accept failure you'll never grow.
Nobody implied it is okay. Read carefully before responding. This is Hacker News, not your Facebook timeline.
Describe your experience anecdotally or provide citations when you make broad claims about the country's experience, and speak substantially in both cases.
Real estate transactions in india are one of the largest areas where tax cheating and black money goes in to. It's not surprising the sector was hit. I'm not sure if it's a bad thing.
I understand the real estate part. Perhaps it (real estate) needed some regulation (though this is probably not the right way). It was getting out of hand and out of reach of most Indians. Tax evasion is a real problem we face.
Sorry for your loss pal. Lets hope things look up soon.
The thing which is currently confusing and causing slowdown is GST implementation. Most businesses don't know what to do. This is to be expected. Feels like the govt wasn't fully ready with a streamlined implementation.