Globalization and Indian Rural Market
Sunil Kumar Chaudhary
Abstract
Sunil Kumar Chaudhary
Abstract
The Indian rural market is much larger when compared to the urban market in terms of population and number of households, and also by way of geographic dispersal. The rural market consists of about 100 million households with a population of around 700 million. According to the National Council of Applied Economic Research (NCAER), with about 74% of its population living in its villages, India has perhaps the largest potential rural market in the world.
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The Indian rural market is much larger when compared to the urban market in terms of population and number of households, and also by way of geographic dispersal. The rural market consists of about 100 million households with a population of around 700 million. According to the National Council of Applied Economic Research (NCAER), with about 74% of its population living in its villages, India has perhaps the largest potential rural market in the world.
Key concepts: Globalization, Population, Rural population, Geography, Rural area, Economic growth, Socioeconomics, Development economics