Bhattachrjee, M., Chakrabarti, S. and Rajeev, M.

An inclusive transformation of the rural non: Farm economy leveraging farm–non-farm linkages - Economic and Political Weekly - 59(15), Apr 13, 2024: p.55-63

The informal rural non-farm economy of India is a crucial sector that impacts rural development. It is observed that a unilateral expansion of agriculture augments only the traditional non-farm sector in the rural informal segment. On the other hand, there is a biased expansion of its modern counterpart if the capitalistic formal economy develops disproportionately. Contrarily, simultaneous expansions of the agriculture and formal sectors induce both traditional and modern non-farm activities. A vital policy prescription is that for sustainable/inclusive development of the rural economy, a balanced expansion of the formal sector along with an expansion of both traditional and modern agriculture is essential. – Reproduced

https://www.epw.in/journal/2024/15/special-articles/inclusive-transformation-rural-non-farm-economy.html