Marico Ltd anticipates gradual growth in its core categories, aiming to enhance profitability for general trade partners and expand its urban and rural market presence over the next few years. Fourth-quarter results showed consolidated revenue growth in low single digits, with expectations of low double-digit operating profit growth driven by margin expansion.
India s rural economy faces challenges amid the overall economic growth, with disparities persisting. However, signs of rural demand revival emerge through increased two-wheeler sales and FMCG industry growth. The government and industry stakeholders are optimistic about further recovery, banking on factors like improved infrastructure and a normal monsoon.
How Punjab s Rural Women, Neck-Deep in Debt, Are Trapped in Microloan Cycles
RBI regulations to check over-borrowing or ghost borrowers have failed to deliver, catching women in a cruel cycle of taking loans to repay loans.
A group of women in Mansa s Joga village in Punjab say most of them are in extreme mental distress due to loan overburden and inability to repay. Photo: Vivek Gupta
Reportage18/Feb/2021
Mansa/Sangrur/Barnala: âI feel like ending my life but who will look after my kids,â says Sukhdeep Kaur, from Joga village in Mansa district. She took her first micro group loan of Rs 30,000 in 2016 to open a cosmetic shop.