New Delhi, July 1 -- Rural India is showing strong signs of economic progress. A report from HDFC Securities suggests that in 112 rural districts, home to nearly 291 million people, the average income per person has now crossed USD 2,000.

The report noted that this rise in income is expected to boost demand for non-essential products and services like smartphones, vehicles, and branded goods.

States like Maharashtra, Tamil Nadu, Kerala, and Andhra Pradesh are leading this rural growth story due to their strong economies and development plans. Almost every Indian state now has a rural per capita income above USD 2,000, except Uttar Pradesh and Madhya Pradesh.

The rural industry sector, worth INR 29 trillion in FY25, grew at 7.1 per cent...