Are India's consumption hiccups signalling stress?

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India's urban middle class is cutting back on spending due to inflation and unemployment, revealing weakness in urban demand for the second consecutive quarter. Major companies like Hindustan Unilever and Reliance's retail unit have reported softer consumption, impacting their earnings and the broader economic outlook.

from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L27HZ8V

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