scorecardresearchIndia rural demand bottoming out, says BofA Securities

India rural demand bottoming out, says BofA Securities

Updated: 18 May 2022, 10:30 AM IST
TL;DR.
  • BofA Securities expects kharif income to grow by 10.1 percent year-on-year (YoY) in FY23 atop 9.5 percent YoY in FY22.
BofA Securities underscored elevated food prices bode well for farm income. Rising farm costs make a valid case for setting MSPs higher. REUTERS/Amit Dave

BofA Securities underscored elevated food prices bode well for farm income. Rising farm costs make a valid case for setting MSPs higher. REUTERS/Amit Dave