Slowdown impact Companies manufacturing for the power and roads sector will be worst affected. For instance, turbines or transformer makers will be hit, forcing them to hire different kinds of personnel, restructure their existing operations or shift them elsewhere.
Job impact Siemens has laid off over 200 employees and plans to cut 400 more jobs. Material handling firm Elecon Engineering decided to lay off 400 workers in August.
Revival kit Encourage domestic investment, especially from the rural market. Increase government expenditure in the economy.