Home / Economy / News / As Covid-19 reaches hinterland, is India's rural growth story getting over?

As Covid-19 reaches hinterland, is India's rural growth story getting over?

A recent report by Credit Suisse cautions that the spread of Covid-19 infections to Tier-III and -IV cities could stall the growth momentum

Premium

The rise in rural infections, G Chokkalingam, founder and chief investment officer at Equinomics Research says, is a cause of concern as the rural economy constitutes a large part of India's GDP

Nikita Vashisht New Delhi

5 min read Last Updated : Jul 22 2020 | 7:33 PM IST

Nearly five-months into the Covid-19 pandemic, analysts have now started to question as to how far rural India will be able to pull the Indian economy out of the severe contraction it is in. A recent report by Neelkanth Mishra managing director, India Strategist and co-head of equity strategy for Asia Pacific at Credit Suisse cautions that with Covid-19 infections spreading to Tier 3 and Tier 4 cities, which some call the rural belt, could stall the growth momentum.

And the data does hint at this possibility of a rampant spread of the virus in the rural belt. With a

Topics : Coronavirus Rural economy Economic slowdown India economy Gross domestic product Credit Suisse FMCG companies Rural consumption Fiscal stimulus COVID-19

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in