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Rural India worth $500 B
By agencies
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Thursday, 20 April 2006, 19:30 IST
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 governments 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 governments 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.