News > Rural Demand To Remain Muted in FY22 Due To 2nd Covid wave: Report
Rural Demand To Remain Muted in FY22 Due To 2nd Covid wave: Report
Good Returns | 28/05/2021 10:18 AM | Click to read full article
India Ratings and Research (Ind-Ra) believes its impact on the economy will be felt more through the loss of demand impulse than supply-side disruptions.The loss of demand-side impulse is expected to be more pronounced in rural areas than in urban areas, notwithstanding Indian Meteorological Department's forecast of a near normal monsoon in 2021.
"With rising COVID infections, households in rural areas would be more concerned about the rising and/or an expected rise in health expenditure and would cut down on non-essentials," it has noted.
