HomeNewsOpinionIs the improvement in rural consumption on the back of increased borrowing?

Is the improvement in rural consumption on the back of increased borrowing?

A NABARD survey finds that the increase in consumption expenditure by rural households has been funded by drawing down their financial savings, on the one hand, and increasing their borrowings on the other

Manas Chakravarty

October 30, 2024 / 10:38 IST

Social welfare programmes also boosted rural incomes, with the median increase in household income due to such programmes being 8 percent

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