Sustained rural poverty can't be eradicated without capacity building.
The FMCG industry hopes for a revival in consumption growth in 2025 with some 'green shoots' already visible, after having a challenging year amid escalating input costs and a double-digit rise in food inflation, which ultimately slowed down the pace of the urban market growth in the second half of 2024. Soaring prices of commodities such as palm oil, coffee, cocoa and wheat forced FMCG players to go for a hike of 3 to 5 per cent or resort to shrinkflation by reducing pack sizes and grammage to retain attractive price points, fearing a volume loss.
India's fast-moving consumer goods (FMCG) sector witnessed growth in rural consumption in volume terms outpace urban consumption for the first time in five quarters, in the January-March period. According to a report from consumer intelligence firm NIQ, rural consumption grew at a rate of 7.6 per cent year-on-year (Y-o-Y) in Q1CY24, overtaking that in urban areas which stood at 5.7 per cent.
Govt announces slew of schemes for rural India
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
The share of life insurance policies sold by top private insurers in the rural areas declined in the financial year 2023-24 (FY24) compared to previous year. SBI Life, HDFC Life, ICICI Prudential Life Insurance -- the top three players from the private sector-- have seen the share of insurance policies sold in rural areas drop in FY24 as compared to the previous financial year. Max Life Insurance's share of rural policies recorded an increase in FY24.
Billionaire industrialist Mukesh Ambani described his 2016 return to the telecom industry with Reliance Jio as the "biggest risk" of his life, saying that even if analysts' predictions of financial failure had come true, it would still have been worth it for the role it played in transforming India digitally.
Hero MotoCorp anticipates a big rebound in two-wheeler (2W) sales in rural India over the next four to eight quarters, driven by favourable factors such as a decent monsoon, rising crop prices, improved employment conditions, and increasing consumer confidence, its chief executive officer (CEO) Niranjan Gupta said on Wednesday. Amid tepid rural sales, he stated that there is a "strong case" for GST (goods and services tax) on entry-level two-wheelers, which are under 125 CC, to be moved down from 28 per cent to 18 per cent as they are used by "masses".
'Today, the State looks at everyone with suspicion.'
In Q1FY26, the bank reported fresh slippages of 8,200 crore, up 71 per cent Y-o-Y and sequentially. Of this, 7,500 crore is from the retail segment.
Going by political tradition, another formation will likely come to power in Karnataka in the next assembly election, due 2028. And if that happens, Mr Shivakumar will have to sit it out till 2033, points out Aditi Phadnis.
'Deposit and lending rates have started to fall considerably. It is likely to spur investment and consumption of durables.'
Vietnam was wonderful and the people warm and hospitable, Radhika Mittal discovered over a 11-day stay.
The Thane unit of the ATS, with the assistance of the Thane rural police, started searches around 4 am at Padgha and Borivali villages in the district adjoining Mumbai, an official said without giving case details.
BPOs can transform the face of rural India if they can retain even a small proportion of educated youth in villages.
Proceeds from the sale will support the training of future generations of doctors at the Oslo University Hospital. The fascinating story behind the Husain painting which set a new record for modern Indian art.
As the poverty rates in the country declined below 5 percent in 2024, a research study by State Bank of India also highlighted that the extreme poverty in the country has been reduced to minimal.
'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'
Domestic rating agency ICRA on Monday said Indian companies are likely to clock 7-8 per cent revenue growth during the March quarter of the current fiscal year, led by revival in rural demand and uptick in government spending. ICRA expects the private capital expenditure (capex) cycle to remain measured in view of the uncertainties around geopolitical developments and relatively subdued outlook on merchandise exports from India.
Singh said that about 150 people including women and forest, revenue and other officials were present at the time of the incident, and if the officials were assaulted, "why are there no eyewitnesses".
Former Gujarat chief minister Vijay Rupani, who died in a tragic plane crash in Ahmedabad on Thursday, joined the list of several top Indian politicians and prominent personalities who lost their lives in aviation accidents.
The IOC launched the first Olympic Values Education Programme (OVEP) in India in May 2022, with the Olympism-themed curriculum being integrated into the school education system in Odisha.
'Where my husband lives, that is my home. I want to stay here with him'
Equity investors would track global market trends, inflation data and trading activity of foreign investors for further cues this week, analysts said. Moreover, progress of monsoon and developments related to trade talks would also be monitored by investors, experts noted.
According to the Department of Pharmaceuticals' annual report for 2024-25, India imported medical devices worth $8.1 billion, while exports stood at $3.7 billion in the financial year 2023-24 (FY24)
The Madhya Pradesh high court on Wednesday ordered registration of an FIR against state minister Vijay Shah for his controversial remarks targeted at Colonel Sofia Qureshi.
Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI's median target of 4 per cent for the fourth consecutive month, according to government data released on Thursday. Consumer Price Index (CPI)-based retail inflation was 3.16 per cent in April and 4.8 per cent in May 2024.
Even the most backward sections of rural societies are seeking information.
Shuvajit was confident of making a huge difference in the lives of people in rural India.
India is set to bring eight cheetahs from Botswana in two phases, with four arriving by May 2025. This follows the successful reintroduction of cheetahs to Kuno National Park in Madhya Pradesh, with the population now at 26, including 14 cubs born in India. The initiative aims to boost cheetah conservation efforts and create inter-state collaboration for their protection. The project has already seen significant investment, with over Rs 112 crore spent on cheetah rehabilitation.
Telecom operator Bharti Airtel on Tuesday said it has partnered with Elon Musk's SpaceX for providing Starlink's high-speed internet services to its customers in India. This agreement is subject to SpaceX receiving authorisations to sell Starlink's satellite communications-based services in India, Airtel said in a statement.
Data since 2005 show that the five years with the highest rainfall saw average market returns of 8.98 per cent, while the five driest years returned 25.7 per cent on average.
A researcher from Neeley School of Business at Texas Christian University found that the main income of Irula tribe of southeast India comes from catching rats.
The Indian economy is projected to grow at 6.2 per cent in 2025-26, slower than earlier estimated rate of 6.5 per cent, due to escalated trade tensions and global uncertainty, the International Monetary Fund (IMF) said on Tuesday. "For India, the growth outlook is relatively more stable at 6.2 per cent in 2025, supported by private consumption, particularly in rural areas," IMF said in its World Economic Outlook (WEO).
Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Expectations of a bumper rabi crop harvest have helped turn the tide. The Reserve Bank of India's (RBI's) Monetary Policy Committee kept the repo rate unchanged last week, noting that as rural demand catches up, consumption is expected to support economic growth in 2024-25.
At Head Held High, trainees begin with the basics -- the English alphabet.
Not only FMCG companies but even banks, auto, telecom and retail companies are finding it difficult to keep themselves away from the lure.
'We are seeing signs of improvement in rural overall in terms of demand, but I would still keep my fingers crossed.'
World's largest chip maker Intel on Wednesday launched a personal computer platform that was conceived and largely designed in India to suit the rural environment.
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