Rural India shows signs of economic revival but wider outlook glum

mercredi 27 novembre 2013

File picture shows the logo of Mahindra & Mahindra Ltd on the pocket of a salesman's shirt as he poses inside the company's showroom in Mumbai NEW DELHI/SHIRDHON, India (Reuters) - Pandurang Ghorpade has the weather to thank as he hands out celebratory sweets to neighbors eager for a ride on his prized new possession, a gleaming red tractor bought in anticipation of a bumper harvest. The best monsoon in six years means similar scenes to the one in Shirdhon southeast of Mumbai are being played out across much of rural India, home to two-thirds of the 1.2 billion population. But the benefits may be fleeting because rural growth alone will not be enough to pull India's economy out of the doldrums longer term. The countryside produces only a third of India's gross domestic product and in the urban areas that drive growth, business in showrooms and shopping malls is still shrinking.








via Business News - Yahoo Finance http://finance.yahoo.com/news/rural-india-shows-signs-economic-210847587.html

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