The government’s inability to train and educate its people, automation-led job losses, and demonetisation-induced closure of informal sector firms could seriously hurt India’s economic prospects, according to Ambit Research.
The slowdown is resulting in job losses, especially in the blue- collar segment, and a broad-based deterioration in the land and real estate markets. “Investors who ignore these effects and continue to pile into expensive Indian stocks are treading on water,” it said.