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In charts: Has the ‘India trade’ run out of steam?

Slowing growth and high inflation are hitting household incomes and raising questions about economic fundamentals
India’s GDP growth in the quarter ended September came in at just 5.4% year on year

India has enjoyed a historic stock market run over the past two years, as investors bought into the south Asian giant’s strong economic growth narrative and sought to reduce exposure to China.

But much of the shine has come off Indian markets in recent months as a spate of weaker data and persistently high inflation has raised questions about the fundamentals undergirding the world’s fastest-growing G20 economy.

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