Weak monsoon, but not yet spoiling the party
                        
                    
                    
                                -JM Financial,                    
                    Rural economy, aided by steady agri-income (c.40% of rural income) has been resilient amidst the pandemic driven decline across sectors over the past 1.5 years; we don’t yet expect any change
                 
                    
                        Weak monsoon, but not yet spoiling the party