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STONED: The quarries in southern India has a huge export market that has declined with the economic meltdown

STONED: The quarries in southern India has a huge export market that has declined with the economic meltdown

Stonehard facts, US recession hits Indian quarries

Yet another fallout of the global financial meltdown is witnessed in India's heartland. The slowdown now hits hard the granite industry in Andhra Pradesh. Touted as the stone 'galaxy' but now facing a financial crunch is an industry dealing in a special type of granite that comes mostly from about two dozen quarries in Chimakurthy in Andhra Pradesh.

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