Balachandra Kamath 377 days ago

what was happening all these days wss, money bags was visible all around in the nature of personal loans,for purchase of goods that are depreciative in nature, or other consumables that are not as a necessity, people being so egoistic, fell for these blindly, ultimately realising it''s false resale value, and the unwanted inflated price along with the interest, and emi burden thereon.

People have now become smart and understood the trap laid by the FMCG companies,

This happens all over, where businesses exists, even in small towns and villages, people will all types of goods if offered on credit, whether they want it or not, in the neighborhood stores, this credit is often not recovered, and the businesses cannot charge more in subsequent purchases of goods, and are forced to write off the credit sales, leading to lesser aggressive sales, and leading to a slowdown.

Blaming all and sundry is a cheap option, generating appropriate cash flow is of utmost importance, assets purchased on credit should provide for additional income, or in savings or cost reduction, if these parameters are overlooked, unpleasant situations do raise their head.