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Massive non-farm income to push rural India in H2: Axis Cap

Axis Capital carried out an extensive survey wherein seven teams traveled across 36 tier 2-4 downs and nearby villages in seven states. While the demand has remained weakening across FMCG, auto, white goods and cement sector for urban areas, rural consumption was strong due to structural non-farm income growth.

first published: Oct 28, 2013 01:01 pm

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