India’s rural economy continues to show signs of strength, with momentum likely to outpace urban growth in the near term, according to Samiran Chakraborty, Chief Economist, Citi India.

Speaking in a CNBC-TV18 discussion alongside Harish Damodaran, Agriculture Editor, The Indian Express, Chakraborty said the ongoing recovery in rural areas appears to be more durable than previous cycles, supported by higher employment and wage growth.

“Our synthetic index to track rural demand vis-à-vis urban demand is still pointing to the fact that rural is likely to outperform urban for the time being, barring the festive season data,” Chakraborty said.

“I am getting more convinced about this rural recovery being a more sustained one because it’s now affecting things positively through the employmen

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