Rural Economic Revival

India will allow makers of information technology hardware, farmers and industries in rural areas to resume operations after April 20 as Prime Minister Narendra Modi crafts a plan to exit the world's biggest lockdown and revive stalled economic activity.

For HDFC Bank, the weaker economy had led to a slowdown in loan growth, which eased to 15 per cent in the September quarter from 23 per cent a year earlier.

The news comes as a slowdown in Asia's third-largest economy has hit demand for everything from automobiles to retail products, forcing companies to curtail production and recruitment, while raising hopes that the government would unveil an economic stimulus to revive growth.

In her budget speech Finance Minister Nirmala Sitharaman announced plans to sell India's first global sovereign bonds and ease rules for overseas investors to help revive economic growth

The growth in demand seen in some rural pockets is driven by farm loan waivers and not by real increases in rural incomes and wages, indicating that the economy is still far from a full-blown rural revival, says a report.

It said satisfactory rainfall in the first half of the south-west monsoon season may help revive rural demand.

The best monsoon in six years means similar scenes to the one in Shirdhon southeast of Mumbai are being played out across much of rural India, home to two-thirds of the 1.2 billion population. It also means sales of tractors and motorbikes are surging, raising hopes this pick-up in activity will spread and feed a wider revival in an economy that ha...

The UPA government, criticised by the Opposition for its many policies, has finally got a compliment from BJP leader L K Advani for its flagship programme, MNREGA, which he said has helped empower rural people and revive economic growth.

India will allow makers of information technology hardware, farmers and industries in rural areas to resume operations after April 20 as Prime Minister Narendra Modi crafts a plan to exit the world's biggest lockdown and revive stalled economic activity.

For HDFC Bank, the weaker economy had led to a slowdown in loan growth, which eased to 15 per cent in the September quarter from 23 per cent a year earlier.

The news comes as a slowdown in Asia's third-largest economy has hit demand for everything from automobiles to retail products, forcing companies to curtail production and recruitment, while raising hopes that the government would unveil an economic stimulus to revive growth.

In her budget speech Finance Minister Nirmala Sitharaman announced plans to sell India's first global sovereign bonds and ease rules for overseas investors to help revive economic growth

The growth in demand seen in some rural pockets is driven by farm loan waivers and not by real increases in rural incomes and wages, indicating that the economy is still far from a full-blown rural revival, says a report.

It said satisfactory rainfall in the first half of the south-west monsoon season may help revive rural demand.

The best monsoon in six years means similar scenes to the one in Shirdhon southeast of Mumbai are being played out across much of rural India, home to two-thirds of the 1.2 billion population. It also means sales of tractors and motorbikes are surging, raising hopes this pick-up in activity will spread and feed a wider revival in an economy that ha...

The UPA government, criticised by the Opposition for its many policies, has finally got a compliment from BJP leader L K Advani for its flagship programme, MNREGA, which he said has helped empower rural people and revive economic growth.