MUMBAI (NewsRise) -- Indian consumer-goods manufacturers' latest quarterly earnings portend a deepening slowdown in the sector as sagging rural incomes and rising unemployment cloud demand outlook in the near term.
The slowdown underscores the weak consumer sentiment gripping Asia's third-largest economy. The south Asian country is going through the worst economic slowdown in a decade, with growth slowing for six consecutive quarters, even after the central bank steadily cut interest rates to the lowest in almost a decade.
