What hikes in MSP mean for the economy and politics

The hikes bode well for nascent demand recovery in rural areas. Rural inflation was higher than urban inflation in FY23, the first time in six years. While the average inflation in FY23 was 6.7%, prices in rural areas increased 6.8% from a year earlier.

What hikes in MSP mean for the economy and politics
The hikes bode well for nascent demand recovery in rural areas. Rural inflation was higher than urban inflation in FY23, the first time in six years. While the average inflation in FY23 was 6.7%, prices in rural areas increased 6.8% from a year earlier.