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Accepting a problem is the first step towards finding the solution... Just Sensex and Nifty are not the indicators of economy...
//Bitumen, used in road construction, saw consumption drop by 7.3 per cent.//
//Sale of jet fuel or ATF fell 1.6 per cent.//
//"We have revised down our India oil demand forecast, reflecting a deteriorating macroeconomic backdrop and rising risks to growth. In part this reflects the downward revision to the country's GDP growth forecast," Fitch said.//
//"That said, we do not expect demand growth to return to its 2018 highs, as a challenging external environment, stresses in the banking and shadow banking sectors and tight fiscal constraints on the government mar performance in several of the more energy-intensive segments of the domestic economy," it added.//
India's fuel demand dips to lowest in over two years in Sept: Govt data
