Key Points
Rural demand will play a crucial role in driving India's economic growth, and there are positive signs of its recovery, according to the finance ministry...
The report also identified potential risks for the fiscal year 2024, including geopolitical issues and the impact of the El Nino weather phenomenon..
While urban demand has been fuelling Indias economic growth since last year, rural demand was hit by a sharp rise in inflation in 2022...
FMCG major Maricos Founder-Chairman Harsh Mariwala said in an interview with Business Today in April that there has been a lot of stress in rural areas and that has been reflected by low volume growth rates for the entire FMCG sector...
But why is rural demand so important for Indias path to economic recovery and future growth?..
