Indian Economic Slowdown Definite According to a report from the Associated Chambers of Commerce and Industry of India (ASSOCHAM), India "may not yet be heading towards a balance of payment crisis"; however, the country's macroeconomic situation continues to worsen by the day.This statement is based on national and international issues that directly or indirectly affect the Indian economy, primarily the EU crisis, India's policy of retrospective taxes on foreign investments, scams, the government's inability to carry out reforms in land and agriculture, etc. Because of the depreciating rupee, last week the government (GOI) increased the price of gasoline, citing higher crude oil prices even though crude oil prices actually took a plunge...