Over the last three years, the drivers of domestic demand have been urban consumption and premiumisation. This is changing. From here on, domestic demand – will be driven by a recovery in rural demand and a pickup in mass consumption. A good monsoon and a bumper kharif harvest are expected to improve farm incomes. Furthermore, higher social spending by state governments is also helping the rural economy recover cyclically for the first time after COVID-19.
Waaree Energies IPO allotment finalised, GMP zooms 106%. Check details
Waaree Energies plans to use IPO funds to establish a 6 GW manufacturing facility in Odisha and support general corporate purposes. As India’s largest solar