While academic abilities remain integral, it is the work ethics that form the soul of the business.
When there is a situation where one does not see demand for a year or two, then capex is suspended. It will reverse only when the situation improves. 
Government should concentrate on building up infrastructure and skill development. Simplification of taxation is another important area.
Our CII building in Hyderabad has zero discharge of water. Every drop of water is treated and reused.