Breakingviews - India’s slowdown is touching the untouchable

Economic Slowdown: India's economy is experiencing weak consumption despite a 6.7% GDP growth, with both rural and urban consumers tightening their spending, leading to disappointing earnings reports from major companies like Hindustan Unilever and Reliance Retail.

Market Concerns: Nearly half of the top 100 listed firms missed earnings estimates, indicating a broader economic issue that could impact the high valuations of Indian equities, as companies remain optimistic about a potential recovery despite ongoing challenges.