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All Journal Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA)
Kumar Bharat
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Economics, Econometrics & Finance

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DYNAMICS OF THE RURAL INDIAN ECONOMY: A COMPREHENSIVE STUDY Kumar Bharat; Vishwa Suresh
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 2 No. 1 (2023): July
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v2i1.77

Abstract

This research article presents a comprehensive study on the dynamics of the rural Indian economy. With a focus on understanding the key sectors, evaluating government policies, exploring technology's role, and analyzing challenges and opportunities, this study aims to provide insights into the intricacies of rural economic development. Through an in-depth examination of the primary sectors driving the rural economy, including agriculture, livestock, forestry, handicrafts, and rural industries, the research uncovers their economic significance, interdependencies, and growth potential. The assessment of government policies and initiatives sheds light on their impact on income generation, employment opportunities, infrastructure development, and market access in rural areas. the study explores the transformative power of technology and innovation in rural economic development. It investigates successful models and interventions that leverage technology to enhance productivity, value chain integration, and market access in rural sectors. The research also addresses the challenges faced by the rural Indian economy, such as agrarian distress, limited access to finance, inadequate infrastructure, and climate change impacts. By identifying opportunities for sustainable development, such as diversification of rural livelihoods, promotion of entrepreneurship, and strengthening of rural-urban linkages, this study aims to contribute to the advancement of rural economic growth and prosperity.
RECOGNIZING THE ROLE OF FARMERS IN INDIA'S ECONOMIC SUCCESS FOR FINANCIAL WELL-BEING Vishwa Suresh; Kumar Bharat
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 2 No. 1 (2023): July
Publisher : PT. Radja Intercontinental Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/jaruda.v2i1.78

Abstract

This research article aims to shed light on the pivotal role played by farmers in India's economic success. Through a comprehensive review and analysis of existing literature, policy documents, and statistical data, this study examines the socioeconomic contributions of farmers, evaluates policy frameworks, investigates challenges faced by farmers, and proposes strategies for their empowerment. The findings highlight the multifaceted contributions of farmers to the Indian economy, including agricultural production, employment generation, rural development, and poverty alleviation. Additionally, the study assesses the effectiveness of existing policies and institutional frameworks in supporting farmers' economic role, identifying areas for improvement. It also delves into the challenges and constraints faced by Indian farmers, ranging from limited access to credit and land tenure issues to market volatility and climate change impacts. Based on the analysis, this article proposes strategies for empowering and promoting the economic well-being of Indian farmers. These strategies encompass technological advancements, agricultural diversification, farmer collectives, market linkages, and policy reforms. By recognizing and addressing the barriers hindering farmers' economic progress, the article argues that India can unlock the full potential of its agricultural sector, foster rural development, and achieve sustainable economic growth.
Co-Authors Vishwa Suresh