Indian Observers

Top Menu

  • Facebook
  • Twitter
  • Youtube
  • Medium

Main Menu

  • Home
  • Top News
  • National
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Facebook
  • Twitter
  • Youtube
  • Medium

logo

Indian Observers

  • Home
  • Top News
  • National
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • DRDO Presents Indian Army With An Indigenous Machine Pistol

  • Natarajan enters all three formats of cricket in the same tour, first Indian to achieve this

  • Rajnath Singh commends India’s indigenous defence deal to acquire 83 Tejas fighter planes

  • India To Strengthen Its Skies With HAL Produced Aircrafts For $6.5billion

  • Protesting farmers halt Jhanvi Kapoor film’s shooting in Punjab

BusinessTop News
Home›Business›Rural India Shows Robust Recovery In Pandemic Times

Rural India Shows Robust Recovery In Pandemic Times

By Nilotamma Joshi
June 29, 2020
69
0
Rural

Amidst the whole trouble around the lockdown induced slowing down of the Indian economy, the rural Indian has stood to gain the most. Reports have confirmed that the unemployment rate has seen a consistent drop since first week of May. According to Citigroup analysis report, the main reason for this is government handouts to migrants coming back to their states, bumper crop and a favourable monsoon.

Further, according to the Center for Monitoring Indian Economy Pvt., rural unemployment rate has seen a decent fall from a peak of 26 percent to a current rate of around 7.3 percent.

The government has induced almost Rs. 1.5 trillion ($19.9 billion) into the rural economy after March through various welfare programs and state-sponsored buying of crops. Currently, the sale of tractors and two wheelers apart from fertilizer sales that are much better in the rural areas than the urban, are also showing a healthier recovery for the rural Indians.

The rural areas are also going to see the return of many more migrant workers, who are now going to find more employment opportunities. Due to India’s plans to attract more foreign investment, five states have already started relaxing labour laws and creating a pool of industrial jobs for such returning migrants.  It is confirmed that around Rs. 500 billion is slated to be spent over the next 125 days on public works in selected districts where migrants have returned. Rural growth is said to be robust and will continue to show the same trend throughout the year. According to economists, it is easier to sensitized the rural Indian and therefore social distancing protocols would not be difficult to maintain in these regions. The challenge essentially lies in cities which are bursting on the hems due to a surge of migrant workers looking for work and livelihood from the rural areas of India. With most having returned back in the lockdown periods, the saturation levels in cities is also coming down. However, contraction numbers are worst in India’s metro city states. These include Maharashtra and Delhi. India’s contraction numbers have crossed the one million mark with many cases reported daily.  

TagsAgricultureCOVID-19DelhiMaharashtramigrant workersrural India
Previous Article

Who took Chinese money: Congress, BJP trade ...

Next Article

PM Modi addresses the nation on ration ...

Related articles More from author

  • Reduction Of Infectious Cases
    National

    Why Reduction Of Infectious Cases Is Not Good News For Indian Covid-19 Vaccine Candidates

    January 11, 2021
    By Uttara J Malhotra
  • Play for India
    SportsTop News

    Indian stars come together for ‘Play for India’ initiative to help sports community

    June 23, 2020
    By india_observers
  • A women wearing mask to protect from Covid19
    CoronaVirusTop News

    Bengaluru is paying price of ineffective infection source tracing

    July 9, 2020
    By Dr Neha Mathur
  • SupremeCourt_Migrants
    NationalTop News

    Supreme Court says it can’t monitor migrants on the move

    May 15, 2020
    By Staff Writer
  • Independence day 2020 Red Fort
    Top News

    A lean Independence Day at the Red Fort

    August 13, 2020
    By Staff Writer
  • Covid19
    CoronaVirusTop News

    6 point mantras: Center urges surge states to follow Covid-19 lessons

    July 25, 2020
    By Dr Neha Mathur

You might be interested

  • The Agriculture Laws
    Top News

    Khatter hits back after cancelled Karnal visit, says Government will not repeal the agriculture laws

  • Manoj Tiwari has also taken responsibility for the defeat in a press conference at his residence on Tuesday
    PoliticsTop News

    Big Changes Expected In Delhi BJP, Manoj Tiwari May Quit

  • Coronavirus-Hit-Nation
    CoronaVirusNationalTop News

    India Becomes World’s Ninth Worst Coronavirus Hit Nation

Technology

Tesla takes one step closer to its India launch, registers in Bengaluru

 Tesla takes another step closer to its launch in India later in the year 2021. Tesla, the US electric car manufacturing giant has registered as company in Bengaluru, Karnataka. Karnataka ...
  • Robotic technology

    Robotic technology being introduced by Air India to disinfect interiors of aircrafts

    By Dr Neha Mathur
    January 10, 2021
logo

Follow Us

Sitemap
Contact Us

  • Latest Posts

  • DRDO Presents Indian Army With An Indigenous Machine Pistol

    By Uttara J Malhotra
    January 15, 2021
  • Natarajan enters all three formats of cricket in the same tour, first Indian to achieve ...

    By Divya
    January 15, 2021
  • Rajnath Singh commends India’s indigenous defence deal to acquire 83 Tejas fighter planes

    By Rashmi Sacher
    January 15, 2021

Trending this Week

  • January 13, 2021

    SC stays execution of farm laws, forms panel to help farmers

  • January 11, 2021

    Khatter hits back after cancelled Karnal visit, says Government will not repeal the agriculture laws

  • January 9, 2021

    Sonia Gandhi slams centre as fuel prices reach all time high

© Copyright 2020 - India Observers.