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Home-Based Enterprises in India

  India, a land of vibrant culture and entrepreneurial spirit, thrives on the ingenuity and resourcefulness of its people. Amidst the bustling streets and urban landscapes, there lies a significant yet often overlooked segment of the economy – home-based enterprises. These businesses, operated from the comfort of one's home or nearby premises, constitute a crucial component of India's economic fabric, contributing to employment, productivity, and overall economic growth.   1. Evolution of Home-Based Workforce Over the past few decades, the landscape of home-based enterprises in India has witnessed both growth and flux. According to data sourced from the National Sample Survey, the number of home-based workers stood at approximately 47.14 million in 2004-05. This figure saw a modest increase to 49.20 million by 2011-12. However, a noticeable decline was observed in 2017-18, with the estimated count dropping to 41.85 million. Despite this fluctuation, home-based work consis

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).