The Union Budget 2024-25 has stepped up allocations for agriculture and rural development but could have done more in certain areas
As per industry observers, widespread deployment of funds during polling season will lead to larger sums of money in the hands of people especially in the rural market
Crops are withstanding moderate change in climatic conditions
The country's top industrialists give a thumbs up to Budget 2023-24, say it is inclusive, addresses the aspirations of every section, will help India become a global manufacturing hub and is well thought-out
The three farm Bills and the stimulus packages targeting the agriculture sector are expected to address the supply-side challenges and keep food inflation in control
The US has committed USD 70 million in Overseas Private Investment Corporation (OPIC) financing for renewable energy projects in India; and announced to launch a USD 20 million partnership this week with the philanthropic sector to bring more efficient appliances to rural Indian villages.
Idea's long term strategy is volume led profit growth and is confident of delivering double digit volume growth post monsoon, says Himanshu Kapania, MD of the company.
The allocation for the rural sector in the Budget has nearly doubled and this in turn will lead to consumption-led growth, which in turn will have a cascading effect, says Nirmal Jain of IIFL
"The worst of El Nino is behind us, so the weather this year should also be better," says PH Ravikumar, Chairman, SKS Microfinance.
Consumption in rural India is growing faster than in urban India for the first time in two decades, a new report by credit rating agency Crisil Ltd said.
FMCG companies have witnessed growth in volumes across product categories.
Vibhav Kapoor of IL&FS finds banks very attractive at their current valuations. In the current situation, he feels, banks will see a bit of margin cut but on the credit growth front, they may record over 20% upside.