On Nation Now, Biscuits and confectionery firm Parle Products is likely to fire as many as 10,000 people if the slump in consumption continues, signaling that the Indian economy has slowed down. To recap, India’s gross domestic product (GDP) growth has slowed to 6.8% in 2018-19 — the slowest pace since 2014-15.
Fall in sales of ₹5 Parle biscuits, Has slowdown dented India’s purchasing power?
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