Budget 2020 must take steps to revive rural demand, says Devendra Pant of India Ratings
Updated : January 24, 2020 10:36 PM IST
The government should provide jobs through NREGA or other rural employment guarantee schemes, said India Ratings' chief economist Devendra Pant.
Rural income has multiplier effect as those people spend most of their income on consumption, according to Devendra Pant.
Agriculture contributes nearly 17 percent to the country's gross domestic product (GDP).