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time.com India’s Economy Slows, Stalling a Once Thriving Manufacturing Sector

NEW DELHI (AP) — Anuj Kapoor took over his father’s booming auto parts business in 2012, hoping to elevate the company from selling to suppliers to selling directly to carmakers.
Seven years later, he’s had to lay off half his workers as drooping sales caused his profit to plummet by at least 80%.
Confidence in the Indian economy is giving way to uncertainty as growth in the labor-intensive manufacturing…
time.com
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