The Indian real estate sector is still hamstrung by the generalized economic slowdown, and the unsold inventory of 6.65 lakh units across seven major cities remains a hard fact.
Over a million job cuts were predicted in the automotive components segment, and tens of thousands in manufacturing units across the country's automobile hubs.
The government’s slew of measures to revive various sectors, including the automobile industry, isn’t just a booster shot for these industries’ stakeholders.