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For some inexplicable reason my sense is that in India we are kind of blissfully unaware of it [U.S. recession] and are spending like it is boom time when in fact there are enough indicators and red flags that things might not be that hunky dory.
Kamla Bhatt, currently traveling in India, is afraid that Indians might not be bracing for the potential downturn in the economy in spite of some obvious signs.
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