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| Downturn takes its toll | 12-MAY-09 |
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| How long can one escape the clutches of recession? While the world went into an economic slowdown towards the end of 2008, Indians have just started losing confidence in their economy. In recent times, consumers have experienced an onslaught of bad news in the form of job cuts, company profit plummeting, bankruptcies and foreclosures, which has led to a reduction in consumer confidence and people’s spending power. |
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