In the past 12-18 months rural economy has seen improved strength pointed out S Krishna Kumar, CIO, Equity, Sundaram MF in an interview to CNBC-TV18. Across staples, discretionary products, rural demand will recover, which will surprise the Street, he said.
Further, there is a likeliness of good monsoon this year. This, along with measures such as crop insurance, among others, will significantly uplift rural incomes, he added.
The market on Tuesday trimmed some of its early morning decline as other index heavyweights cushioned the loss from ITC and Reliance Industries.
