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flag India's middle class cuts spending due to soaring food prices, threatening economic growth.

flag India's middle class is reducing spending due to high inflation, especially in food costs, which have risen above 8%. flag This has led to lower sales for consumer goods firms and fast-food chains, as people opt for cheaper alternatives. flag The economic growth expected at 7.2% for the financial year ending March 2025 is at risk due to the decline in urban consumption, affecting the country's economic momentum.

5 months ago
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