Letter to BS: Normal monsoon predictions raise hope of consumption uptick

A normal monsoon will ensure higher profits for agriculturists

This refers to “Normal monsoon predictions raise hope of consumption uptick” (April 18). The modern Indian economy provides importance to both agriculture and the consumer industry in order to ensure they are mutually supportive to growth. Economic activity has to be restored to the pre-demonetisation days with suitable amendments to the Goods and Services Tax to revive market confidence. Crisil itself has emphasised the necessity for such a step to increase the thrust on economic growth. The rural economy as it exists today is no longer a subsistence one but one that possesses great spending power. Agriculturists have a superior