AC Market Special - India

After gaining the distinction of the fastest growing major economy in the world during the last three years, India slowed down to a gross domestic product (GDP) growth rate of 5.8% during January–June 2019. The Indian rupee (INR) remained stable, strengthening  marginally from INR 69.98 to 69.46 per U.S. dollar (US$) between January and June. This resulted in stable prices of air conditioners.