The share of agriculture and rural sector as percentage of GDP has been on the decline since the launch of economic reforms in 1991 is a fact which cannot be ignored any more. The financial inclusion is nothing but a wishful thinking and the other employment generation programmes in rural areas have not worked well to prevent the migration of rural population to urban and metropolitan centres.The problem with the economy is not lack of programmes or ideas to improve the economy but the implementation and administration of the programmes are unfortunately missing. The fact is that the village profiles are an ignored lot and how much productive assets have been created in the rural areas have not been adequately captured.The purchasing power of people has increased not through employment generation but through free distribution of essentials and subsidies,sale of agricultural lands,corruptive practices,hoarding and black marketing of agricultural products etc.Rural economy is a failure
from: T.V.Gopalakrishnan
(This was published as comment to Tarapores's article in Buiness Line dated 1/06/12)
