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Low sales of men's Innerwear sign toward the global economic slowdown!

Saturday - August 17, 2019 4:12 pm , Category : WTN SPECIAL
An alarm of the global economic slowdown
An alarm of the global economic slowdown

Know what the 'Men's Underwear Index' and how it indicates the economic slowdown?

AUG 17 WTN) - If you are told that the sales of Men's underwear show whether the global economy is in recession or not, then after reading this you must have wondered that can this happen in real? Yes it happens, and what is the economics behind it, let us tell you in detail about it. In fact, the sale of Men’s inner ware has started showing signs of the condition of the global economy going into recession, including India.

In fact, in the year 1970, an index on the sale of underwear was prepared by Alan Greenspan, former chairman of the US Central Bank, Federal Reserve. This index is called the ‘Men's Underwear Index’. In this, the decline in the sale of men's underwear is used to assess the signs of the poor stage of the economy.

According to the information received from the media, the quarterly results of the country's four major underwear companies have been the weakest in 10 years. Weak quarterly results of these companies have come down, it means that the selling of these companies has declined, resulting in lower profits. Talk about Jockey innerwear, so its sales have seen a growth of only 2 per cent, which is the lowest since 2008. On the other hand, Dollar Industries saw a decline of 4 per cent and VIP Clothing saw a decline of 20 per cent in selling. At the same time neither the growth nor the decline has been recorded in the sale of Lux Industries.

Those studying the Men's Underwear Index say that the Men’s Underwear Index is also indicating a slowdown in the global economy in other countries of the world including India. The decrease in sales of Men's underwear indicates that the world economy is slowly growing towards sluggishness. Let us now tell you how the Men’s Underwear Index works.

According to economics experts, the 'Men's Underwear Index' indicated similar signs in the years 1990, 2001 and 2007, just before the US recession. As an example, let us explain that if there is a recession, then the parents of the children change their diapers less to cut the expenditure; that is, the sale of diapers decreases. Now that children get more rashes due to less changing of diapers, so the sale of diaper rash cream increases. Similarly, during the recession, men reduce the purchase of their underwear to save expenses, due to which its sales start to decrease. With the underwear sales down, the Men's Underwear Index indicates that the recession has begun.

Not only the 'Men's Underwear Index', the dating indicator is also being discussed a lot these days. For your information, let you know that Match.com, an online dating service based in the US, has explained a pattern between dating and recession. According to this pattern, when companies are in financially difficult days, then dating between employees increases. This is why, because people seek dating partners to share their sorrows. For your information, let you know that during the global economic recession of 2008, the dating site’s busyness was the highest in seven years in the fourth quarter of 2008.

So clearly the 'Men's Underwear Index' and dating indicators are indicating that the whole world is slowly going into recession. India's auto sector has been suffering from recession for the last one year. However, Finance Minister Nirmala Sitharaman has indicated that necessary measures will be taken from the Government to deal with the economic slowdown. According to an American report, the global economic slowdown will not have much impact on India if the Modi Government takes precautionary steps in advance. Now it has to be seen what steps the Modi Government at the center takes to deal with the global economic slowdown, so that the people of the country can avoid the effects of the economic recession.