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Indians splurge big on festive season sales, buoying economy, Telecom News, ET Telecom

Festive Season Sales: Economists point to an easing in inflation and a pickup in wages, especially in the rural countryside, where a majority of India’s population live. Consumer confidence reached a four-year high in September, the latest central bank figures show, while demand for bank loans is hovering near a 12-year high despite interest rate hikes this year. ....

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