Ajay Modi, left, in his car components factory
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'Since last year demand has definitely gone down'

30 May 2013 Last updated at 19:17 BST

India's economy has seen a sharp downturn over the past year, with the manufacturing sector being hit hard.

Yet the slowdown has also affected ordinary people in India who are trying to cope with high prices even as incomes and job prospects have taken a hit.

India Business Report's Yogita Limaye met one family in Mumbai to find out what a slowing economy means for each of its members.