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	<title>My tabor &#187; India</title>
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		<title>blog：India&#8217;s superrich lose the limelight.</title>
		<link>http://www.nicecrazyblog.com/index.php/2009/09/04/blog%ef%bc%9aindias-superrich-lose-the-limelight/</link>
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		<pubDate>Fri, 04 Sep 2009 13:28:08 +0000</pubDate>
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				<category><![CDATA[India]]></category>

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		<description><![CDATA[Many companies targeted their growth strategies at high-income households, and the cocktail circuit was abuzz with details of the latest iconic apartment deal. In the commercial capital, Mumbai, apartment sales topped $2,500 per square foot—twice the going rate in cities like Shanghai. Last year&#8217;s global meltdown led to a sudden stop in all such activity.
As [...]]]></description>
			<content:encoded><![CDATA[<p>Many companies targeted their growth strategies at high-income households, and the cocktail circuit was abuzz with details of the latest iconic apartment deal. In the commercial capital, Mumbai, apartment sales topped $2,500 per square foot—twice the going rate in cities like Shanghai. Last year&#8217;s global meltdown led to a sudden stop in all such activity.</p>
<p>As India now emerges from the boom-bust growth cycle, the masses are firmly leading the recovery even as the upper classes remain conspicuous by their absence at stores. Two-wheeler sales are up nearly 15 percent so far in 2009, compared with an average growth of 5 percent over the past five years. Small-car sales have increased by 20 percent in recent months, while purchases of luxury cars are down 20 percent from a year ago. Consumer-goods companies are reporting a bipolar market: widely used products from hair oil to soaps are selling well, but more expensive skin-treatment items are not.</p>
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