The Khadi and Village Industries in Globalized India: Role, Challenges, and Future Ahead
Journal Title: International Journal of Interdisciplinary and Multidisciplinary Studies (IJIMS) - Year 2014, Vol 1, Issue 5
Abstract
Indian economy in its path of development has done the leap frogging from agriculture to service sector bypassing industrial sector. But still there exists a serious structural flaw in Indian economy. The agriculture sector which contributes just 14.1 percent to GDP employs 52.85 percent, which is higher than employment generated by industry and service sector put together, which together contributes 85.9 percent to GDP. The surplus labour in agriculture can be absorbed by the establishment and revival of Khadi and village industries as it creates employment at low per capita investment. The important objectives of establishing Khadi and village industries in Ind ia are: 1) providing employment to the ruralities 2) producing saleable articles 3) creating self reliance amongst the poor and 4) Building up of social rural community spirit.The Khadi and Village industry has registered a significant increase in terms of production and sales even during globalization period. The KVI undoubtedly is facing a stiff competition in the globalization period, but it has shown the signs of withstanding it without consistency! The KVI industry produced Rs. 4519.31 crore worth products in 1997-98 which increased to Rs. 18018.29 crore worth products in 2012-13. It had reached the height of Rs. 21852.04 crore in 2011-12. The corresponding sales also increased from Rs. 5065.20 crore in 1997-98 to Rs. 21111.51 crore in 2012-13. The record sale of Rs. 26860.13 crore was reported in 2011-12. Khadi and Village industries provided 56.5 lakh persons employment in 1997-98 which has increased to 121.73 lakh person employment in 2012-13. But the Khadi and Village industries has a long way to go as it suffer from too much of reliance on budgetary sources, lack of adopting new market techniques, lack of product innovativeness, could not market the brand image utilizing the India‟s national heritage, etc. Moreover it has the potential to solve the unemployment problem of rural India to a greater extent. If we ignore the khadi and village industry, it is at our own risk!
Authors and Affiliations
S. R. Keshava
Keywords
Related Articles
- EP ID EP30652
- DOI -
- Views 373
- Downloads 4
Perceived Source of Stress Among Undergraduate Dental Students at BPKIHS, Nepal
Stress is defined as the body's nonspecific response or reaction to demands made on it, or to disturbing events in the environment. The current study was undertaken to determine the prevalence of the sources of stress a...
Women Empowerment in India : A Myth or a Reality ?
At the present time, India is fast emerging as a modern democratic country and also a global power, but still the women across the country struggle to live life with dignity in different ways. That’s why women empowerme...
Development of Tabla Literature
Percussion instruments have a special significance in the history of Indian instruments and instrumental music. Indian percussion instruments, in terms of their diversity, their qualitative characteristics and the vari...
In Search of Little Tradition of Folk Islam: A Study of Marefati Folk Songs in Bengal
Islamic contact with Bengal is as old as the role of the religion is significant in the historical development of this region. Its importance does not simply consist in the fact that the undivided Bengal saw the larges...
Assess the awareness level of people on Aadhaar Card as public wellbeing
Unique Identification Numbers issued by UIDAI carry many wonderful advantages. Firstly they do create a trustworthy social identity of a citizen, whom everybody can trust. This kind of identity is very helpful while ma...