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India’s car sales slump signals major economic slowdown

By Fri, Nov 11, 2011 12:26PM UTC 0 Comment

If the ruling United Progressive Alliance (UPA) government was still looking for obvious signs of a slowdown, it cannot get find a better than this one. India’s new car sales in October fell the most in more than a decade in the face of rising fuel costs, expensive loans, and prolonged inflationary pressures. Sales of...