Experts cite three key factors why Indians, who had not been spending on house, cars and air travel for a while, are now pinching pennies even in their soap and shampoo budgets. First reason is weak farm income growth for over two years, second is benefit of price reduction due to the reduction in GST running its course and third is the liquidity crunch sparked by the IL&FS.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2VkWTs1
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