Fairval

Notes on Indian equities, sectors and economy

Rising Rural India?

Posted by fairval on July 16, 2007

A Citi report presents some interesting info on rural India, like the table above. Other than luxury categories like cars, it appears rural India accounts for a significant share of Indian consumption. Penetration in many services like banking (around 40%) and telecom (only 2-3%) remains poor, according to the report.

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