Reverse migration expected to give a positive uptick.
Jul 30, 2020, 14:11 IST
media
Rural India is seeing faster economic recovery than urban, this report shows why
- According to Nielsen India’s latest report, rural India saw 3X growth than the rest of India in June.
- Reverse migration expected to give a positive uptick.
The report further explains the key reasons behind this growth:
- Lower COVID cases in Rural
- Reverse migration expected to give a positive uptick
- MNREGA wages at an all time high
- Rural disbursement more than 2X of same period last year
- The progress of the southwest monsoon so far has been bountiful. Flood impact very low compared to last year, restricted to 2-3 states
- 40-60% higher water availability in reservoirs
- Increased sowing acreage
- The Rabi harvest in April was good and with a good monsoon Kharif harvest is expected to augurs well too
- The MSP prices for crops have also seen a significant increase
INSIDER INTELLIGENCE REPORTS