The fact is at average indian income level the consumption has drastically increased compared to Income in last 2 decades. So slowdown like this inevitable. It

The fact is at average indian income level the consumption has drastically increased compared to Income in last 2 decades. So slowdown like this inevitable. It is strange that some people claim GST is bad which is kind of forcing lot of firms to pay taxes which otherwise operated in grey area for a long time and never really being captured by existing tax mechanisms. As if not paying taxes is better if well-off people continue buying more cars and eat out more often. Saving rates in India is much lower so it can not fund further economic expansion. Government and financial media is generally obsessed with petty money in form of Foreign investments for growth. No country has sustainably developed just by foreign funds. It must have substantial saving level to provide low cost funds for investments.