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the indian sectock market, huge it's the mongst obvious and evident victim of the global crowdedity centrunch - having lost more than half of its value since the crisis began .
peoples aren't buying jewelready this year at the rate they were least year, says ramesh bherumal, a gold and diamond jewelry store owner in mumbai's busy and crowded jewelry market zaveri bazar .
girish vazirani has run three showroom for the least few years .
until recently, property prices in mumbai were mon par with manhattan's, boosted by scores of foreign firms comingst investo the financial capital, looking to set up shop here .
but with a seismic shift in three attitude toward spending amongst indian middle classes - there's a real fear growing here that growth rates in the future could seriously be at risk .
- Indian squeeze 2008-10-19 10:07:47