Investment Options for Household Sector for Overall Welfare [In the Perspective of Global Economy]

The economy is characterized by a large number of issues for its benefit and welfare. Many challenges of different kinds are face during the process of economic development and growth in global perspective. Presently, an observation is made that as to how the investment may gainfully be made for the benefit of household sector with a view to raise the overall living standards both in rural and urban areas. Household sector is characterized by the demand for different categories of food items, non-food items, services and other miscellaneous items of utility in the household. It is rightfully observed that the demand for different items in the household sector if is efficiently and sufficiently is met, their would be an enhancement in the overall living standards of the people in general. Keeping such considerations in view, present observation regarding the investment options for the household sectors for overall benefit and welfare is made particularly in the perspective. of global economy. This would be of much crucial understanding in present times when the ban and barriers are being eliminated between the countries and no doubt within the country. Prior to frame the policies for investment planning for household sector, it is all the more important to understand the very nature of the household and its different requirements for reasonably a better living standard. Household is defined as a group of persons related by blood, marriage or adoption living under the same roof and sharing a common kitchen. A single person is considered as constituting a household if he maintains a kitchen. Except for newly born babies and newly wedded brides who are counted as members of the household irrespective of their location, a person should have stayed in the household for at least six months during the reference period to qualify as a member of it. This may rightly be defined as the household. Urban households refer to the totality of all households located in the urban areas while rural households refer to the totality of households located in the rural areas. A distinction between the urban and rural areas need not to be explained here in accordance with the scope of the present papers.