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Rural spending getting captured in urban consumption; women SHGs helping boost incomes: SBI Research

By Economic Times - 9 months ago
According to SBI Research, improvements in physical infrastructure and connectivity have led to a shift in rural demand and supply patterns, with rural spending being captured in urban areas. The phenomenal growth in the income of self-help groups and increased banking linkages are contributing factors, with rural female labour force participation rising due to the support provided by self-help groups.

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