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From an average growth of 8 per cent during FY17-19, urban consumption declined 0.6 per cent for the first time in two decades in FY20 before collapsing by more than a quarter during April-August 2020. (Representational Image: AFP)

Urban consumption sees worst decline in two decades

While urban consumption contracted 34 per cent, rural consumption shrank only 4 per cent

17 Oct 2020 1:12 PM IST