rural consumption: ETMarkets Fund Manager Talk | This CIO managing over $100 mn assets believes 2024 will be dominated by rural consumption
"We believe that the market is likely to show return divergence across sectors. Earnings growth will not be broad based and, hence, stock selection will play a crucial role. As the general elections approach, the markets are expected to remain volatile for a while. Historically, spending in rural areas tends to increase leading up to elections. Factors such as erratic monsoons, higher raw material prices, and the COVID pandemic have negatively impacted rural incomes."
Source: indiatimes.com