Contribution Of Rural Economy In New India

ABSTRACT

India has historically been a rural nation, with two thirds of the population still living there. Considering that, India's rural economy represents over 50% of its national income, and rural growth and development is a key driver supporting India's overall growth and development. Additionally, the more well-informed and educated rural youth seeks employment that matches their knowledge and skills which has been an upcoming enabling force. Thus, India's future is largely going to be shaped by the contributions of the countryside. Rural consumption has been essential to India's progress over the past few years, which has been primarily fueled by a rising disposable income. Adding more, when it comes to agriculture-related exports, India is a world leader. Over the years, we have witnessed growth in the avian industry, aquaculture, fisheries, and animal husbandry. Furthermore, resilience of the agricultural sector to the effects of the pandemic and with special focus on self-reliance in the Indian economy - 'AtmaNirbharta', rural India has not only emerged as a notable investment subject but also one of the major driving forces of the Indian economy. All the above given reasons reiterate the significance rural economy holds in coming times for new India. Copyright © 2022 Wolters Kluwer Medknow Publications. All rights reserved.