Credit rating agency Moody's Investors Service (MIS) on Tuesday said it expects India's rural economy to remain subdued through the fiscal year ending March 2016.It said that this forecast will materialise, particularly, if the risk of below-average monsoon rainfall takes shape. "A sustained soft patch for India's rural economy would weigh on private consumption and non-performing assets in the agricultural sector, a credit negative for the sovereign and banks," said Rahul Ghosh, MIS vice-president and senior research analyst.
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Indian Rural Economy To Remain Subdued In 2015-16
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