Rural economics is the study of rural economies, including farm and non-farm industry, economic growth, development, and change, size and spatial distribution of production and household units and interregional trade, land use, housing and non-housing as to supply and demand, migration and depopulation et al. Rural India is the backbone of our economy, enabling this sector with modern technology is at the forefront of this track.
The only other way that India can take the leap forward to be amongst the developed economies is by transforming the rural India. About 70% of the Indian population lives in about 650,000 villages. FMCG sector alone is expected to reach a size of USD 100 billion by 2025 in rural India. You can imagine the opportunities that this economy is throwing up for the rest of the sectors given the Government’s push for investing heavily in creating the broadband network, POS terminals, RuPay cards, Jandhan bank accounts etc. The consumption and GDP per capita growth in rural areas would be more than the urban areas in the foreseeable future. There are plenty of opportunities for technology entrepreneurs to create business models to address this economy and we have lined up excellent speakers to give a bird’s eye view of the rural economy and the potential opportunities thereof.