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Consumers in India Turn Most Pessimistic in More Than Five Years

  • Drop in confidence comes amid deepening slowdown, joblessness
  • RBI surprised by holding rates steady as inflation spiked
Amazon and Walmart Face The Ire Of 70 Million Indian Shopkeepers
Photographer: Anindito Mukherjee/Bloomberg

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Consumer confidence in India dropped to its lowest since at least 2014, the year Prime Minister Narendra Modi came to power.