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Rural Revitalization: The rural road to $5-trillion GDP 

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Resource Details

Resource ID

18590

Access

Open

Contributed by

B.Muralidhar

Topics

Market Access and Value Chains, Policy & Institutions

Locations

Asia, India

CSR Activity

No

Global Date

23 Oct 20

Title

Rural Revitalization: The rural road to $5-trillion GDP

Keywords

Indian Economy, GDP, Atmanirbhar Bharat, Rural revitalization, Indian Agriculture, Food Security, Agro-based Industrialisation, Post-harvest Activities, Farmer Producer Organizations, Micro, Small & Medium Enterprises

Language

English

New ICRISAT Research Programs

Innovation systems for the Drylands

Author/Key contact

SMCO staff

Story Source

ICRISAT Happenings 1877-1, 23 October 2020

Type

Science

URL/Link

https://www.icrisat.org/rural-revitalization-the-rural-road-to-5-trillion-gdp/

Description

India is aiming to become a $5-trillion economy by 2024-25. To get there, India needs to grow at 9% per year in real terms from FY20 to FY25. Atmanirbhar Bharat is also one of our aims. To reboot the economy, the government announced a package of ` 20 lakh crore. Rural revitalization is a promising area for achieving the twin objectives of becoming a $5-trillion economy as well as Atmanirbhar Bharat. Rural economy contributes 25-30% to the GDP. Traditionally, agriculture used to be the main source of income and employment in rural areas, but that place is being taken by the non-farm sector. Rural revitalization requires a transformative approach that envisions making rural areas a better place to live and work. 

Date (Date published/released/created if known)

23 Oct 20

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