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The Consumer Index: Is There a Slowdown?
Declining car sales and downtrading in some consumer segments could mean that India’s consumption boom is petering out
Three years of high inflation and muted salary growth have taken their toll on the Indian consumer. The first visible signs of a slump have manifested themselves in slowing car sales, falling two-wheeler sales and slowing growth among consumer goods companies.
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(This story appears in the 22 February, 2013 issue of Forbes India. To visit our Archives, click here.)
