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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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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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