Villages set to outshine slowdown

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From page 13 “I feel that Hero MotoCorp and to some extent Bajaj Auto will benefit from the rural demand factor,” said Tirthankar Patnaik, chief economist, Religare Capital Markets. “Additionally, companies that manufacture complex fertilisers, pesticides and seeds will benefit,” he added.
With good monsoons leading to robust consumer demand and various development schemes such as one based on NREGA (National Rural Employment Guarantee Act) pumping in a lot of liquidity into the rural market, the country’s hinterlands may actually turn out to the drivers of India’s economic growth.

“Good monsoons and development schemes have pumped in a lot of liquidity into rural economy,” said Bandyopadhyay. “The overall economy will benefit from rural demand growth.”
Rural India is expected to have grown at twice the pace of its urban counterpart in JulySeptember.                                                                                            name rahul singh 2
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