More than 70% of India’s population depend on agriculture. With the advent of YRI generation now, more farmers in next couple of decades will be young. Swaminathan, who is the chairman of National Commission on Agriculture says that a small-farm management revolution will not be possible in the country without attracting the new generation into the farming sector and promoting the farmers of 21st century.
Because of buying power of the rural India, the Economy in the fourth quarter of the fiscal year (January-March 2009), the economy grew 5.8% against expectations of less than 5%. Is rural India’s growth a short term anomaly or a secular trend that is going to aid India’s long term growth? Knowledge @ Wharton article says that it could be a long term trend.
Indian tech majors Infosys Technologies and Wipro are set to enter the booming domestic back-office service market by setting up operations in rural India according to the Business Week article titled: Infosys, Wipro Focus More on Outsourcing in Rural India
In India, 220,000 villages lack electricity. Development organizations like the Barefoot College have focused on empowering women to help these rural villages. Solar projects which brings solar-powered lights is run by the Barefoot College in Tilonia, founded by Bunker Roy in 1972 to help make Indian villagers become self-sufficient, with an emphasis on using women’s skills.
Now that the election results are out, Financial Times opinion at FT.com list the meaning of surprising strong showing by Congress. The article notes 7 lessons that can be learnt from this election results. I will note 3 that are relevant here.