India’s steadying economy shows signs of weakening consumption

India’s economic growth unexpectedly slowed to 4.4% in the three months to December. Economic expansion may be under pressure as the “full-blown impact” of the Reserve Bank of India’s 250 basis point hike in borrowing cost since May gets transmitted to end-consumers, Crisil Ltd., the local unit of S&P Global Ratings, said in a report.

from Economy-News-Economic Times https://ift.tt/H7PvWzI
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