Rural India worth $500 B

By agencies   |   Thursday, 20 April 2006, 07:00 Hrs
Printer Print Email Email
NEW DELHI: A Survey conducted by McKinsey urged investors to invest in rural India, which will provide market of $500-600 billion by 2020. McKinsey, CEO Adil Zainulbhai made a strong case of increased investment in rural areas, at CII annul session, Bharat Nirman, the government’s design for rural infrastructure development.

According to survey homogenization of rural and urban elite is incorrect. Of the 593 rural districts in India, 67 were classified as urban cousins, 118 close to rural economic centers, around 160 with basic minimum infrastructure and 248 are deprived. Above classification of rural India and government’s “Bharat Nirman” go parallel and its on right track, he added.

Adil Said that, “To make the jump from poverty, we need to provide infrastructure with enterprise, and industry should extend hands here.

Food Processing Minister, Subodh Kant Sahay assured industry that the government is ready to provide all infrastructures but industry has to provide economic activity.

SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..