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The Silicon Review Asia

Indian Government Comes Up With New Strategy

Indian Government Comes Up With New Strategy

The Government of India is all set to implement its new strategies on the rural part of the country. The central government has decided to bring about new guidelines and plans which helps to improve the rural economy of the nation. The economy of India is catching up to the U.S. and it is challenging other countries too.

Boost up in the rural economy will help India to grow stronger and to widen its market in other countries as well. New guidelines especially in the rural economic indicators which include growth and inflation in wage, bringing in digitalization during a money transfer, introducing new schemes and plans in Prime Minister Kisan Yojana will help Farmers and other small scale industries.

It is said that around 6.8 crore farmers have already received cash transfers through PM Kisan scheme. The other schemes include Kisan Credit Card scheme, old-age pension scheme, PradhanMantriFasalBimaYojana are intended to boost and also to protect the farm incomes, which brings about improvisation in the spending power.This would help in manifesting the higher inflation and there will be a pick-up in the wage rates.

The new schemes by the Central government will help the farmers and other rural community people in terms of economy and will also help the rural communities lead their life with ease. Devendra Pant, chief economist at India Ratings and Research agreed to this point.

New schemes that are introduced by the Indian Government are opening new insights to the farmers and rural communities. This effort by the Government is much appreciated and the economists are happy that the focus is being shifted towards the rural part of India. This move will strengthen rural India.

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