abhishreshthaa
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I. The Features of Indian Rural Markets
1) Large and Scattered Market: - The rural market of India is large and scattered in the sense that it consists of over 63 crore consumers from 5, 70,000 villages spread throughout the country.
2) Major Income from Agriculture: - Nearly 60 % of the rural income is from agriculture. Hence rural prosperity is tied with agricultural prosperity.
Roughly speaking, a location is defined as “rural”, if 75 per cent of the population is engaged in agriculture related activity. In India, close to 70 per cent of the population is agrarian and contributes to about one-third of India’s GNP.
3) Low Standard of Living: - The consumers in the village area do have a low standard of living because of low literacy, low per capita income, social backwardness, low savings, etc.
4) Traditional Outlook: - The rural consumer values old customs and tradition. They do not prefer changes.
5) Diverse Socio-Economic Backwardness: - Rural consumers have diverse socio-economic backwardness. This is different in different parts of the country.
Infrastructure Facilities: - The Infrastructure Facilities like roads, warehouses, communication system, and financial facilities are inadequate in rural areas. Hence physical distribution becomes costly due to inadequate Infrastructure Facilities.
1) Large and Scattered Market: - The rural market of India is large and scattered in the sense that it consists of over 63 crore consumers from 5, 70,000 villages spread throughout the country.
2) Major Income from Agriculture: - Nearly 60 % of the rural income is from agriculture. Hence rural prosperity is tied with agricultural prosperity.
Roughly speaking, a location is defined as “rural”, if 75 per cent of the population is engaged in agriculture related activity. In India, close to 70 per cent of the population is agrarian and contributes to about one-third of India’s GNP.
3) Low Standard of Living: - The consumers in the village area do have a low standard of living because of low literacy, low per capita income, social backwardness, low savings, etc.
4) Traditional Outlook: - The rural consumer values old customs and tradition. They do not prefer changes.
5) Diverse Socio-Economic Backwardness: - Rural consumers have diverse socio-economic backwardness. This is different in different parts of the country.
Infrastructure Facilities: - The Infrastructure Facilities like roads, warehouses, communication system, and financial facilities are inadequate in rural areas. Hence physical distribution becomes costly due to inadequate Infrastructure Facilities.