Rural Spending Down Says RBI, Focus Is On Saving Money

by Rahul Gautam Jun 06, 2020 • 06:34 PM Views 1082

 

People in villages and towns are depositing more money in banks rather than withdrawing, as per the latest RBI data. Despite no increase in income, depositing money in banks means that people in rural areas are cutting their expenses amid shrinking economic activities. However, the situation is the opposite in urban areas