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Consumer Industries

Indian consumer-goods makers' earnings signal deepening slowdown

Third-quarter marks slowest volume growth for companies since April-June 2017

India's retail inflation is at a six-year high with vegetable, dairy products, and palm oil prices rising.   © Reuters

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.

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