Major Recession in India underway it appears.
Will have to wait and see if BAM, BX, GIC, AMZN, WMT, UAE etc. Reduce their investments in India or they take this as an opportunity and double down.
The lure of 1.3 Billion customers can be seductive but if Indian Rupee collapses it will be a bitter pill to slow for those who need returns in USD.
Blame Game Starts As Wheels Come Off India's Auto Sector
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