Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Rural India buying less of consumer products due to falling income -Viveat Susan Pinto &amp; Shally Seth Mohile    </title>
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Falling incomes and longer winter to translate into lower demand for at least some months

The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing..."/>
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Falling incomes and longer winter to translate into lower demand for at least some months

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    <h1 class="cat-box-title">Rural India buying less of consumer products due to falling income -Viveat Susan Pinto &amp; Shally Seth Mohile</h1>
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                            <div align="justify">-Business Standard<br /><br />Falling incomes and longer winter to translate into lower demand for at least some months<br /><br />The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters.<br /><br />A longer winter season has delayed offtake of summer season products. A liquidity crisis is also pinching the dealers and wholesalers, unable to stock afresh. Tractor sales, often considered a proxy of the rural economy, have been muted since December; that was after brisk growth in the earlier part of 2018-19.<br /><br />Says Rajesh Jejurikar, president of the farm equipment sector at Mahindra &amp; Mahindra: &ldquo;With a CAGR (compound annual growth rate) of 16 per cent in the last four years, the tractor industry has grown from over 500,000 in FY16 to almost 800,000 in FY19. This can be attributed to factors like availability of retail finance, government's investments in rural and agriculture projects, as well as a good crop on the back of a good monsoon. With this as a backdrop, we expect a single digit industry growth in the next fiscal (2019-20).&rdquo;<br /><br />Please <a href="https://www.business-standard.com/article/economy-policy/rural-india-buying-less-of-consumer-products-due-to-falling-income-119040100038_1.html" title="https://www.business-standard.com/article/economy-policy/rural-india-buying-less-of-consumer-products-due-to-falling-income-119040100038_1.html">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">Rural India buying less of consumer products due to falling income -Viveat Susan Pinto &amp; Shally Seth Mohile</h1>
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                            <div align="justify">-Business Standard<br /><br />Falling incomes and longer winter to translate into lower demand for at least some months<br /><br />The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters.<br /><br />A longer winter season has delayed offtake of summer season products. A liquidity crisis is also pinching the dealers and wholesalers, unable to stock afresh. Tractor sales, often considered a proxy of the rural economy, have been muted since December; that was after brisk growth in the earlier part of 2018-19.<br /><br />Says Rajesh Jejurikar, president of the farm equipment sector at Mahindra &amp; Mahindra: &ldquo;With a CAGR (compound annual growth rate) of 16 per cent in the last four years, the tractor industry has grown from over 500,000 in FY16 to almost 800,000 in FY19. This can be attributed to factors like availability of retail finance, government's investments in rural and agriculture projects, as well as a good crop on the back of a good monsoon. With this as a backdrop, we expect a single digit industry growth in the next fiscal (2019-20).&rdquo;<br /><br />Please <a href="https://www.business-standard.com/article/economy-policy/rural-india-buying-less-of-consumer-products-due-to-falling-income-119040100038_1.html" title="https://www.business-standard.com/article/economy-policy/rural-india-buying-less-of-consumer-products-due-to-falling-income-119040100038_1.html">click here</a> to read more. <br /></div>                                                           
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        LATEST NEWS UPDATES | Rural India buying less of consumer products due to falling income -Viveat Susan Pinto &amp; Shally Seth Mohile    </title>
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Falling incomes and longer winter to translate into lower demand for at least some months

The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing..."/>
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-Business Standard

Falling incomes and longer winter to translate into lower demand for at least some months

The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing..." />
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    <h1 class="cat-box-title">Rural India buying less of consumer products due to falling income -Viveat Susan Pinto &amp; Shally Seth Mohile</h1>
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                            <div align="justify">-Business Standard<br /><br />Falling incomes and longer winter to translate into lower demand for at least some months<br /><br />The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters.<br /><br />A longer winter season has delayed offtake of summer season products. A liquidity crisis is also pinching the dealers and wholesalers, unable to stock afresh. Tractor sales, often considered a proxy of the rural economy, have been muted since December; that was after brisk growth in the earlier part of 2018-19.<br /><br />Says Rajesh Jejurikar, president of the farm equipment sector at Mahindra &amp; Mahindra: &ldquo;With a CAGR (compound annual growth rate) of 16 per cent in the last four years, the tractor industry has grown from over 500,000 in FY16 to almost 800,000 in FY19. This can be attributed to factors like availability of retail finance, government's investments in rural and agriculture projects, as well as a good crop on the back of a good monsoon. With this as a backdrop, we expect a single digit industry growth in the next fiscal (2019-20).&rdquo;<br /><br />Please <a href="https://www.business-standard.com/article/economy-policy/rural-india-buying-less-of-consumer-products-due-to-falling-income-119040100038_1.html" title="https://www.business-standard.com/article/economy-policy/rural-india-buying-less-of-consumer-products-due-to-falling-income-119040100038_1.html">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.business-standard.com/article/economy-policy/rural-india-buying-less-of-consumer-products-due-to-falling-income-119040100038_1.html" class="re" target="_blank">Business Standard, 1 April, 2019, https://www.business-standard.com/article/economy-policy/rural-india-buying-less-of-consumer-products-due-to-falling-income-119040100038_1.html</a><div class="clear"></div>
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Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile

Published on Apr 7, 2019   Modified on Apr 7, 2019

-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of summer season products. A liquidity crisis is also pinching the dealers and wholesalers, unable to stock afresh. Tractor sales, often considered a proxy of the rural economy, have been muted since December; that was after brisk growth in the earlier part of 2018-19. Says Rajesh Jejurikar, president of the farm equipment sector at Mahindra & Mahindra: “With a CAGR (compound annual growth rate) of 16 per cent in the last four years, the tractor industry has grown from over 500,000 in FY16 to almost 800,000 in FY19. This can be attributed to factors like availability of retail finance, government's investments in rural and agriculture projects, as well as a good crop on the back of a good monsoon. With this as a backdrop, we expect a single digit industry growth in the next fiscal (2019-20).” Please click here to read more.

Business Standard, 1 April, 2019, https://www.business-standard.com/article/economy-policy/rural-india-buying-less-of-consumer-products-due-to-falling-income-119040100038_1.html

Tagged with: rural income real wage rate Real Wage Rates Real Wages Rural Wage Rates Rural Wages Purchasing Power Effective Demand

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