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Journal: International Journal of Management (IJM) (Vol.10, No. 6)

Publication Date:

Authors : ;

Page : 794-803

Keywords : Rural Development; Industries; Agriculture; Employment; Industrialization; Economic Development; Infrastructure Development.;

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Almost 65 percent of India's overall population still resides in rural regions, despite the country's status as a growing economy. While their contribution to India's GDP is barely 18%, it is fair to assume that most Indians still make their living in rural areas. The allocation of economic activity between urban and rural regions, however, reveals a broad variety of discrepancies when we consider India's evolved structure. Since rural regions tend to focus on agriculture and metropolitan areas are where most industries are situated, there is little to no connection between the two, which slows rural growth. The industrialization process is crucial for the economic growth of the developing nations. Differences in economic structure explain most of the widening difference in per capita income between industrialized and developing nations. In the former, most people work in the service sector, whereas in the latter, agriculture accounts for the vast majority of GDP.

Last modified: 2023-06-10 19:45:26