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falling wages impact urban middle class and slow economic growth in india

India's urban middle class faces economic strain as wages fell for the first time since the pandemic, leading to reduced consumer spending and declining corporate profits. Inflation-adjusted employment costs for listed non-financial companies dropped by 0.5% from the previous year, signaling a slowdown in economic momentum.
bloomberg.com
United States Dollar Elara Securities Inc IND
Finance & Economy, Market Report
01:30 29.11.2024
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