Ours is an agrarian country, and a lot of things have to happen in the rural areas. In villages there is not much connectivity, proper infrastructure, or educational facilities. Not even a scooter or a motorcycle can go on some of the roads; forget the tractor or the jeep. There is not an adequate supply of qualified teachers, and the infrastructure is not there. Many schools teach in local languages, and that’s not enough to move upward. Rural people need English schools and vocational schools, and we have to start moving aggressively with public-private partnerships. People in the rural areas are therefore moving to the cities, which are already very crowded. Education is very, very poor. The government must do better at addressing the rural economy.
The government should encourage manufacturers to set up their factories in the villages. Some multinational mobile-phone maker designs its phones here in India but manufactures them in China. This company makes millions of pieces a year, and about 2,000 people have jobs there. Why can’t we have the manufacturing as well? One reason is the Labour Act.1 we cannot expand the manufacturing industry without the right to hire and fire. We have the capability to manufacture, but we have to change our labor policy. We also need to expand micro financing further into rural areas. So many people in villages fall into the debt trap. Their family land is subdivided among brothers into plots too small to cultivate effectively. Then they go to the moneylenders to get by. When they can’t make payments, the moneylenders take away their land. Families that were once respected landowners are now laborers, and they migrate to the cities.
India real estate is one of the fastest growing sectors in the country. India real estate market has augmenting investors. Real Estate Agents India together created property portal for the Indian market with unique features as verified properties providing trust worthy properties which can ease the process of purchasing a property. Articles on Indian Real estate, trends, and other useful information about India real estate can be found on the portal. Even the real estate prices are augmenting fast, especially Chennai real estate, Hyderabad real estate and Bangalore real estate are on high. The economy rate as well has managed to grow faster than 8% each year because of increasing real estate market trend.