Logo

Logo

Rural economy

Near term outlook for rural economy looks grim: Report

"Domestic tractor sales growth, often regarded as the major gauge to track rural economy, has been contracting for the past four months, as compared to high double digit growth seen in late 2018. However, the contraction has widened to 16 per cent YoY in May as compared to 13.2 per cent YoY in the previous month."