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Issue ‘more consequential than any tariff’ cited in recent earnings calls

Rashtrapati Bhavan, the residence of the Indian president, is seen shrouded in smog in New Delhi on Nov. 13, 2025. (Photo by Ken Kobayashi)
ANANTA AGARWAL
January 30, 2026 17:32 JST
BENGALURU — New Delhi’s worst air pollution in several years is hitting revenue at some of India’s top companies, with retailers, restaurant operators and construction companies citing hazardous air and related construction bans as a drag on demand in recent earnings.
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