Thursday, April 26, 2012 — South Asia
Source: Wall Street Journal - India Realtime
When you think rural India, think factories and cell phones, rather than fields and bullock carts.
Rural India, says a Credit Suisse report, is no longer an agrarian economy whose fortunes are dependent upon an erratic monsoon. Rather, they are now increasingly tied to the national economic cycle, something they had been largely immune from so far, as it gradually shifts away from agriculture.