rural economy

rural economy: The rural economy is under stress, says Mahindra & Mahindra; cuts tractor industry sales forecast for FY24

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Tractor market leader, Mahindra and Mahindra has cut its forecast for the domestic tractor sales for the industry for FY24 citing weakness in the rural economy. Against its earlier forecast of low single digit growth, it now expects tractor sales in the world’s largest market for such implements to decline 5% year-on-year. For the current … Read more

ITC: If India grows @6-7%, can ITC grow 14-15%? Here’s what Sanjiv Puri has to say

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Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the direct benefit transfer and stuff like free food grain distribution are some of the very important steps taken in terms of the investment in the … Read more