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Low Growth In Rural Wages: The New Normal That Has Everyone Worried
Rural wage growth remained low throughout FY19 and current conditions are not suggesting a quick-turnaround.
10 May 2019, 01:14 PM IST
Top management at the country’s largest consumer goods firms struck a somber note this month. While reporting quarterly earnings and commenting on demand conditions in the economy, most of them cited signs of weakness particularly in the rural economy. Some called for fiscal stimulus to boost demand.This conundrum of weak rural demand, driven by low food prices and weak growth in wages, will haunt any new government that takes charge...
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