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Farmers to the rescue: India pins hope of economic revival on rural sector

The adverse impact of the world's strictest lockdown in March continues to haunt, but the hinterland is holding out hope

Rural India
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Rural incomes have stayed strong as production of monsoon-sown food grains is estimated to hit record 144.5 million tons. (Bloomberg)

Anurag Kotoky and Swansy Afonso | Bloomberg
India’s economy left cratered by the pandemic is drawing energy from one of its invisible and often-neglected engines: farmers.

Business leaders, policy makers and politicians alike are pinning hopes on the rural sector as bountiful rains have set the stage for another year of record crops. Higher disposable incomes with farmers are expected to boost demand from automobile to cement to gold jewelry.

That contrasts with the urban areas, where companies are still struggling to boost their sales following the pandemic that has hit business activities, hurt demand and caused labor shortage. The adverse impact of the world’s strictest lockdown

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