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Rural Demand Points To Worsening Stress
Rural consumption is losing pace despite a spate of farm loan waivers since 2017 and PM Modi’s income support to small farmers.
18 Oct 2019, 08:20 AM IST
India’s rural consumption points to a worsening distress that threatens to delay revival from the nation’s worst economic slowdown in six years.Demand for consumer goods in rural areas rose at its slowest pace in seven years in the quarter ended September, according to Nielsen India. Value growth in the hinterland fell to 5 percent year-on-year from 20 percent.The slowdown was less acute in urban areas as value growth—a combination o...
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