The Govt has imposed 5% import duty on some iron and steel products and a 20% duty on crude soyabean oil. This will make the import costlier and will help the domestic industry sell their products without much of competition. But that will surely depend on the demand. Demand for the real estate are drastically down. This has lead to slowdown in the real estate and connected sectors with the same. Constantly in the Last few months this blog has been informing the reader that no investment should be made in the Real estate and Banking stocks, as these will be the worst performer in this year. Real estate prices have not yet come down. Off Diwali, the Developers have tried to stabalise the price, but seeing fall in the demand. Major steel companies have been reducing their output. Demand for the vehicles have also been coming sown. Honda have managed to sell some 230 odd Hybrid cars at Rs.8 lacs, which was previously priced at Rs.24 lacs.

RBI have tried to provide enough liquidity in the market.