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Wednesday, January 18, 2023

India’s buzzing economic activity belies fears of a slowdown

India’s buzzing economic activity belies fears of a slowdown https://ift.tt/bVUEwzO needle indicating so-called animal spirits moved right after holding steady for five straight months — indicating stronger overall economic activity as 2022 drew to a close. Consumer spending boosted tax collection and manufacturers signaled optimism about the future, while services sector saw expansion of new businesses.

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