Retail in Asia

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India sales growth plunges to single-digit across sectors

India Inc’s fastest growing sectors have finally succumbed to a single-minded focus on inflation and the economic slowdown in China, Europe and America. Sales growth rates have plunged to a multi-quarter low for key sectors such as refineries, capital goods, cement, chemicals, construction, consumer durables, fertilisers, infrastructure, metals, power, realty, steel and telecom.