Sentiment declined across urban and rural regions. Urban Sentiment were down by a marginal 0.18 per cent. But, rural Sentiment plunged 5.56 per cent.
This sharp fall in rural Sentiment at the end of the first month on monsoons should be a source of worry.
A state-wise analysis reveals that sentiment declined in those states that received poor rains and they improved in those states that received good rains. Since the monsoon reaches north India only towards the end of June, we see the relationship between rains and rural Sentiment only in the states south of the Vindhyas
This sharp fall in rural Sentiment at the end of the first month on monsoons should be a source of worry.
A state-wise analysis reveals that sentiment declined in those states that received poor rains and they improved in those states that received good rains. Since the monsoon reaches north India only towards the end of June, we see the relationship between rains and rural Sentiment only in the states south of the Vindhyas
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