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An ex-RBI Guv thinks $5-tn goal is 'simply out of question'

The former RBI governor said India needs a 9 percent per annum growth to reaching $5 trillion by 2025.

Diwali

Nov 22, 2019, 07.49 AM IST

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Versace, Cavalli seek new partners in India; Longchamp shuts shop

High operating costs and soaring rentals are the bane of luxury retailers who have also noticed a 20-25% reduction in footfalls. The non-existant growth of luxury brands in India, according to experts, can be attributed to a confused strategy followed by brands. Experts say, luxury brands are selling old collection in India which is driving sales down.

Festival of Lights fails to revive India’s sullen animal spirits

Poor reading in all key markers signals a protracted slowdown, and may influ...

Gold decouples from wedding season

Also, equity markets across the globe are doing well, dulling gold’s relative appeal as a safehaven invest...

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