Indian business sags as Diwali prospects dim

Asia Pacific Oct 25, 2019

Indian business sags as Diwali prospects dim

by Vishal Manve

For Indian executive Bibhas Chakraborty, Diwali used to mean shiny expensive gifts from business associates keen to use the auspicious — and spectacular — Hindu festival to deepen ties. Now he mostly gets sweets and nuts. As Asia's third-largest economy battles waning consumer demand, extravagant ...