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Showing posts with the label Rural Market

Financial Inclusion And Rural Entrepreneurship

Looking at the current economic scenario it is somewhat absurd in context of talking about normal growth. Although getting a satisfactory growth rate in agriculture, manufacturing, transport, communication, real estate, information technology and service sector by inclusion of high tech models and reforms, rural entrepreneurship isn't getting a good ambience to flourish.  1950-51 2020-21 National Income 269724 Crores 11718380 Crores Per Capita National Income 7513 86456 (annual growth rate 3.55%) Economic inequality is a common thing. Almost everyone gets how it brought social change and disparity among people. Reasons could be anything such as lack of clarity in current business models, worst norms or low level of economic idea execution.  Rural areas have several problems and some remain unsolved from the beginning of democracy. The most common problems that rural areas have are poverty, illiteracy, poor health and unemployment.    Rural entrepreneurship is just the h

Rural Market & Agriculture Sector

The agriculture sector in India isn't uniform. Due to commercialization of agri-products there is high productivity. It's called cash crop whereas some places suffer floods, poor cropping patterns due to lack of knowledge, bad soil conditions and weather dependency. Although 70% of India's population lives in over 6 lakh villages, gap in the literacy rate between urban and rural is almost 20%. Now recovery in rural is happening by setting the retail wholesale pricing by increase of the market demands and supply. The estimated GVA of agriculture in 2017-18 was 16.14 %. Vision 2025 report, India's organic business has immense potential to reach the Rs. 75000 crore mark by 2025 from Rs. 27000 crore (2015).