India pandemic Waves India

Rural demand to remain muted in FY22 due to second covid wave: India Ratings

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rural India than in urban centres despite the Indian Meteorological Department has forecasting a near normal monsoon, India Ratings and Research said on Thursday.“While demand for agricultural credit and agricultural inputs such as fertilizer and pesticides could remain strong in view of third consecutive year of near normal monsoon, the demand for FMCG products, automobiles especially tractors and two-wheelers is expected to suffer," the rating agency said.The first wave of the pandemic last year was largely an urban phenomenon, despite the large-scale reverse labour migration.

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