India's retail inflation has slowed to a 25-month low of 4.25% in May, close to the Reserve Bank of India's target of 4%. However, experts do not anticipate the central bank will cut interest rates anytime soon. Meanwhile, a survey of 3,020 employers revealed that India's job market is on track for a positive turnaround in Q3 after two consecutive periods of cooling down. Additionally, the Indian government has informed Chinese mobile phone manufacturers to induct Indian equity partners in their local operations.
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