The Indian economy has been hit by a sharp decline in exports and industrial production, a sharp drop in sales and a sharp rise in inflation.
The drop in exports means the government is running a deficit and the economy is slowing.
India’s biggest bed and bicycle frame makers, Rattan, Bontu and Cane, are also struggling.
In September, sales dropped 15 percent and shipments dropped 21 percent, according to data compiled by Bloomberg.
The decline in sales means the Indian government is now running a surplus, the largest in the world, according the World Bank.
In a Bloomberg article, Rohan Bontuan, chief executive officer of the Bontan company, said the drop in the exports and sales was the main cause of the sharp decline.
Bontun said its revenue dropped by 4.3 percent in the first half of the year and its loss was 7.4 percent.
It said sales dropped by 10 percent in May from a year earlier and sales are down 15 percent in June from a month earlier.
Bontun is struggling because of low demand for the bed frame.
The Indian government has launched an initiative to build a bed frame manufacturing industry, and the government hopes to have a manufacturing plant up and running by July.
Bondi Durga, chief marketing officer of Bontutu, said that the firm has seen a sharp fall in sales in the past year.
Bondi said that in the quarter ended June, its sales fell by 1.9 percent.
Bantu’s sales dropped 14 percent and its profits declined by 17 percent.
In the quarter ending June, shipments fell 15 percent, Bantun’s revenue fell 7.2 percent and Bonturys profit fell 17 percent, the company said.
The company said that its average sales fell 8.7 percent.
Bantu said it expects sales to fall further in the second half of this year and expects to have sales of 5.6 million units in the current fiscal.
Banta, which sells bikes for bikes, bikes and other products, said its sales have fallen by 3.2 million units for the quarter and 5.5 million units the year-ago quarter.
Banta said that sales fell 10.7 per cent for the year, a drop of 4.9 per cent from the previous year.