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India autos Feb13.png

India’s auto sales drop as onion prices rocket

Unrealistic expectations lead to disappointment. That seems to be the learning from developments in India’s economy in recent years. Its car sales provide a good illustration of the problem, as the above chart shows: • Sales took off in 2010-11, as stimulus measures supported the ‘Incredible India’ media hype • But by 2012 (green line) […]

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