CMS Infosystems, India’s leading cash logistics company, reported a 5.51% growth in monthly average cash withdrawals from ATMs in FY24. The report highlights the steady demand for cash across the country and different cash usage patterns in metro, semi-urban, rural, and semi-metro areas. It also reveals the distribution of ATMs across different regions and the states with the highest cash withdrawals per ATM. The report also sheds light on the positive outlook for consumption and economic activity in India.
Expenditure on paan, tobacco, and intoxicants in rural areas has seen a rise from 3.21% in 2011-12 to 3.79% in 2022-23, according to a recent government survey.
Total 24,470 Primary Agricultural Credit Societies (PACS) are functioning as Common Service Centres (CSC) in the country, Cooperation Minister Amit Shah said in Parliament. That apart, 28,648 PACS are operating as Pradhan Mantri Kisan Samriddhi Kendras (PMKSKs) in 18 states and Union Territories for ensuring easy accessibility of fertilizers, pesticides and related services to farmers in the country, he said.
India’s largest consumer goods firm Hindustan Unilever (HUL) reported a 4% increase in both net profit and sales in the September quarter, saying the market was gradually recovering as inflation is no longer a concern. This revival, however, is largely led by urban markets, while demand in rural areas has fallen.
