Part – II: The rural sector – some interesting pointers I would like to briefly dwell upon some facts, which bring home the potential of the rural sector: •  The savings rate has increased to nearly 31 per cent in the recent period. Remittances from urban to rural areas are becoming more significant as migration increases.
argues that the sharp hike in oil and other commodity prices in early 2008 was indeed related to the very sharp policy rate cut in late 2007 after the sub-prime crisis emerged. It would be interesting to explore the outcome had the exchange rate policies in China and other EMEs been more flexible.