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Below the quote on Rural Demand outlook from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit FInancial Services.

Rural demand which has been sluggish for an extended period of time is showing signs of improvement. This Rabi crop has been good; this coupled with good prices has improved rural demand. The Q3 results of FMCG majors and automakers like Maruti reflect better rural demand. The coming quarters are likely to witness high government expenditure in the run up to the 2024 General Elections. Declining inflation and the pause in rate hike by the MPC are additional positives. All these bode well for rural demand.

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