Here are a couple of articles which indicate the consequences of a slack in aggregate demand on corporate debt and the growing need for companies to deleverage debt through asset sales. We can notice this trend not just in India but also in China.
http://www.livemint.com/Companies/JBn41JpbNPdPBxzOb2FzIO/LT-to-sell-assets-dilute-stake-in-noncore-businesses-AM.html
http://www.thehindubusinessline.com/opinion/editorial/taking-a-haircut/article7678161.ece
Does the government need to step in and increase infrastructure spending? Can we hold on to "austerity" and worry about fiscal deficit targets? How do we know that infrastructure projects will not be underutilized (like ghost towns in China)?
These are questions to ponder over.
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