New Delhi, Nov 8
Rural consumption continues to outperform urban demand in the country despite income tax cuts and GST 2.0 reforms aimed at boosting urban consumption, a report said on Saturday.
The report from brokerage firm Motilal Oswal Financial Services Limited (MOFSL) said that rural consumption outshines because of income guarantee schemes, better rainfall outcomes, NBFC-led credit growth, easing input costs and steady MSPs.