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Economy

India faces protracted slowdown as virus clouds rural revival

Updated : August 20, 2020 07:30 AM IST

Nearly half of India's 1.38 billion population rely on agriculture to survive, with the sector accounting for 15 percent of its economic output.
Modi has been citing higher fertiliser demand and sowing of monsoon crops, both key signs of rural activity, to show there are "green shoots" in the economy.
Former central bank Governor Raghuram Rajan has called for greater focus on protecting India's economic capabilities for a meaningful revival.
India faces protracted slowdown as virus clouds rural revival

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