ASSOCHAM Concept Note On Integrating Services Economy With - PowerPoint Presentation

Slide1

ASSOCHAM Concept Note On Integrating Services Economy With Rural Landscape

- Authored By Prakash Chawla, Senior Political Economic Analyst, CommentatorSlide2

Share of Farm Income in India’s Gross Value Addition (At current prices)

National GVA –

Rs

. 13, 669, 914 Crore

Agri

Forestry, Fishing –

Rs

. 2, 372, 085 Crore (

17.35

per cent of national GVA)Slide3

Major Drivers of

Economy

GVA of trade, hotels, transport, communication broadcasting –

Rs

. 2, 519, 999 Crore

Financial, real estate, professional services –

Rs

. 2, 889, 048 Crore

Share of the two combined groups in National GVA – 39.57 per cent Slide4

Rural population as per 2011 Census

Of 212 Crore Indians, 83.3 Crore (68.84 per cent) lived in rural areas as per the latest 2011 Census

Share of 83.3

Crore (or more , taking into account increase in rural population)

Indians

in

the National GVA just about 17 per cent (As per the latest 2016-17 National Income data)Slide5

Backward integration of services, major economic drivers in to rural areas eminently doable

With focus on rural infrastructure – roads, broadband, financial inclusion, trade, tourism including hotels can invigorate the rural economy Slide6

Multiplier Impact

Doubling rural income in 5 – 7 years achievable with services backward integration in rural economy

With multiplier from rural expansion the total National Income can go up to 3.5 – 4 trillion in 5 – 7 years Slide7

Rural Vibrancy – Major Drivers

Roads including highways, state expressways, transport

Hotels, motels,

Rural tourism driven by geo-climatic, cultural social diversity

Dispensaries

SchoolsSlide8

Giving boost to rural economy would be a smart political economic strategy