Rural Poor

However, it has only marginally facilitated a shift in the primary occupation of rural poor from agricultural activities. The report by the Advisory Committee on flow of credit to agriculture states, “In spite of decline in its share in GDP from 44.5% in 1970- 71 to 22.2% in 2003-04, there has been no significant change in the proportion of workforce depending on agriculture. It still provides livelihood support to about two-thirds of the country’s population and is the single largest private sector occupation.” This indicates that disguised unemployment is rampant in the agricultural sector. It also goes to show the increasing burden on land.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006