Indian Stock Market Faces Decline Amid Economic Cooling
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The Indian stock market is declining due to a weakening economy and foreign investment outflows, with projections indicating a four-year low in economic growth.
Indian stocks experienced significant investor interest from global money managers until recently, posing a challenge to China's position in emerging-market indexes.
However, this optimistic outlook is diminishing due to a cooling economy and a notable outflow of foreign investment, resulting in a turbulent market environment.
Economic growth in India is projected to drop to a four-year low, while the Indian rupee continues to weaken, reaching successive record lows against the US dollar.
Currently, India's equity benchmark is on track for its worst monthly losing streak since 2001, with foreign funds having divested over $19 billion in shares since the end of September.
