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Economic Watch: India’s auto market boon for some, bane for others

by Pankaj Yadav

NEW DELHI, Sept. 21 (Xinhua) — India, one of the leading auto markets across the globe, has been dealt with a heavy blow recently with the exodus of major carmakers.

The South Asian country used to be the “Land of Promise” for automakers, who were lured there by the easy car loans on low interest rates, high incomes of professionals working in different private sectors, and recurrent pay