12% increase in Retail spending in Rural areas

  • According to data collected by CMS Info Systems, which handles cash movement and ATMs across the country, India's September retail spending rose 12 per cent from August with recovery strongest in rural areas.

  • Spending on e-commerce, fast-moving consumer goods (FMCG), consumer durables, insurance, service payments, healthcare, logistics, and transportation, which exceeded January levels, saw the greatest rise.

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