Lack of demand ails the economy. But that's not addressed, nor are declining exports; the bad old habit of 'loan melas' is back; and tax has been cut in a way that hurts states, writes T N Ninan
Job losses and inflation are the basic causes of a fall in demand
The government must announce a calendar for implementation of Friday's measures
However, the demand for real estate and housing remains low key, the paper prepared by Assocham revealed