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Lay Offs, Low Salaries Hit Sentiment: Jagdish Khattar

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August 5: In a scenario where interest rates are not headed lower anytime soon, Bloomberg TV India asks Carnation Auto CMD Jagdish Khattar what can turnaround this negative sentiment. “Interest rate alone won’t make much difference as there are various elements to sentiment. Lower salaries, layoffs and lack of opportunities amid slowdown all add up,” he says.