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India faces dampened demand, stagnant lending, slowing growth
Growth dependent on consumption as govt has no room for a stimulus
Published Mon, Oct 9, 2017 · 09:50 PM
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Mumbai
CONSUMPTION was India's big story. Its 1.3 billion population was expected to guzzle everything from iron to iPhones, driving global growth and cheering investors such as Apple Inc and Goldman Sachs Group Inc.
For a while, everything seemed smooth. Indians were the world's most confident consumers, and the US$2 trillion economy w…
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