TRI | India Rural Colloquy 2023

The Future is Young | Local Economic Opportunities

India is now the most populous country and will soon become $ 5 trillion economy. Big gains from remodelled welfare architecture (right based legislation and DBT+JAM) have provided a basic safety net to citizens. The innovation ecosystem and strategic geo-political positioning has created favourable conditions for growth. Rural areas have seen a demographic shift with a young, aspirational, tech-savvy cohort with formal education, including girls with professional degrees. The rural economy can be accelerated by creating localized opportunities for economic growth and increasing productivity. We need to expand opportunities across the primary, secondary, and tertiary sectors of the rural production system, capitalizing on the strengths of local artisans, farmers, industries, and available resources. But the future-ready rural economy to be not just inclusive but needs a hyperlocal economic opportunities model. The session seeks to contextualise “local economy growth” within the context of India’s aspirations for becoming a high-income growth country, with policy measures and role evolution of all stakeholders.

Conversationalists