India's Stock Market Meltdown: $1 Trillion Wipeout Threatens Economy and Consumer Spending

India's Stock Market Meltdown: $1 Trillion Wipeout Threatens Economy and Consumer Spending

India’s equity markets are reeling from their longest slump in nearly three decades, erasing approximately $1 trillion in market capitalization and delivering a severe blow to retail investors. This dramatic downturn is not only shaking the confidence of millions of stock market participants but also threatening to stall consumer spending, a critical driver of the world’s fifth-largest economy. Analysts warn that the selloff shows little sign of…