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Research Paper | Economics & Management | India | Volume 12 Issue 11, November 2023
Economic Development in Rural India: Challenges and Opportunities
Abstract: This essay delves into the intricate economics of rural India, a sector pivotal to the nation's overall economic framework. It underscores the centrality of agriculture as the economic backbone, facing challenges like outdated farming methods and limited technology access. The paper highlights the disparity in rural infrastructure, particularly in basic services and digital connectivity. It emphasizes the need for employment diversification beyond agriculture to tackle underemployment and poverty. Government initiatives like MGNREGA and PMGSY, aimed at rural development, are examined alongside financial inclusion efforts through schemes like Jan Dhan Yojana. The paper also addresses persistent issues of poverty, inequality, and environmental sustainability in rural India. However, it identifies opportunities for economic growth, particularly through agribusiness, rural tourism, and skill development. Concluding, the essay posits that overcoming these challenges and harnessing rural Indias potential is crucial for national economic growth and stability, necessitating a blend of government action, private investment, and community efforts.
Keywords: Rural India Economics, Agricultural Challenges, Rural Infrastructure, Employment Diversification, Government Initiatives in Rural Development
Edition: Volume 12 Issue 11, November 2023,
Pages: 1761 - 1762