Hidden Cash Lures Subbarao to Indian Villages Worth $24 Billion

Hidden Cash Lures Subbarao to Indian Villages Worth $24 Billion

Adeel Halim/Bloomberg

A man stands in a grocery store in Golaghat. Monthly per capita expenditure in rural areas, adjusted for inflation, rose by 18 percent in 2011-12 over 2009-2010, while urban consumption rose 13 percent, according to the government’s annual economic survey.