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This gains significance given the current border tensions and recent aggressive deployments by the PLA Navy in the region, with analysts predicting that the Indian Ocean Region (IOR) will soon see a larger and dangerous Chinese presence.
India consumer confidence drops to record low, RBI survey showsRespondents were also bleak about the year-ahead prospects, with the future expectations index dropping to 96.4 from 108.8 in the period under review, the RBI said.
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