Page 67 - TRI Annual Report

Transform Rural India
Annual Report 2022-23

Big Bet Ideas In the 2022 Global Index of provide a strong foundation for promote digital-first • Incentivising the • Several Mini and Nano also leverage e-commerce
SDGs, India ranked 121 out of successful initiatives. manufacturing and services establishment of dynamic Enterprises (MNEs) are platforms.
163 countries, showing a growth. Traditional models of rural industries such as supported by initiatives like
We refer to select TRI initiatives as • Skill hubs in industrial
"Big Bets" because they hold decline from its previous TRI is committing itself to workforce diversification into agro-based, forest-based, MGNREGS, NRLM, Kaushal clusters will form a big part
mineral-based, and textile
rankings of 117 in 2020 and 120
large-scale manufacturing may
Bharat, and RSETI, along
significant importance in realising in 2021. Recent articles in two departure-from- not be effective anymore due industries and modern with public financing. Village of the job opportunities in
our vision of "Regenerative Lancet and NITI Aayog business-as-usual ideas: to technological small-scale industries can industries like processing the service sector, spanning
Development." These bets involve The Sustainable Panch Pran' or highlight that India is off-track High Income Natural advancements. Instead, the generate local employment cereals and pulses, areas like food service,
TRI's commitment to channel Development Goals lifeblood resolves for Farming and Rural logistics, and retail.
institutional energy and embody the the nation when it on at least 19 Sustainable Manufacturing and Service focus is on harnessing rural and investment and further manufacture of oils and
paper, handicrafts, etc. can
profits that can be
competitive advantages in the
Development Indicators, with
intellectual capital towards their aspirations of people celebrates its 100th more indicators unlikely to be Growth, which serve as the bio-economy and leveraging reinvested.
success. They come with a certain achieved by 2030. These key bets for transformative digitisation to eliminate
level of uncertainty, as bold and everywhere for lives year of independence interlinked off-track indicators impact. economic barriers. Disrupting
impactful societal changes often of peace, prosperity in 2047, first of them is
do. Whether these bets are truly and dignity on a to make India a have consequences for social, the rural economy while
economic, and environmental
emphasising agricultural
"big bettable" or "shovel-ready" healthy planet. To developed nation. sustainability. growth is crucial for facilitating
and whether they can rally uphold our core the transition of labour from
stakeholder commitments and promise to leave no Narendra Modi The Prime Minister's vision of “New Rural” as Engine of agriculture to secondary and
investments to translate into one behind, we need Prime Minister of India Growth | Establish Growth
substantial actions can only be action from everyone, India becoming a high-income Cluster tertiary sectors, leading to
higher productivity and income.
country by 2047 necessitates
determined with time. We are everywhere. significant growth, raising per
investing our energy in making capita income from the current The State Economy relies
them happen, and the challenge António Guterres $2000 to $21,000 and creating heavily on agriculture, with a Elements of Growth Cluster
lies in achieving this goal. Secretary General, a $37 trillion economy. marginal growth in the service for Farm-allied and Non-Farm
United Nations Currently, 800 million people in sector and a declining small • Spatial and demographic
We aim to explore how creative India receive free rations. Our industry. Jobless growth and a trends indicate that Large
disruption can drive community focus is on transforming this decline in worker productivity Villages with significant
engagement in achieving our population into a productive highlight the inability of the urban occupational
goals. Through concrete bets, we industrial and service sectors to tendencies will significantly
hope to encourage the collective resource, particularly in rural generate employment. increase. Almost a quarter
areas where a significant
pursuit of smart solutions, portion resides. To achieve Achieving a ten-fold increase in Indian Rural population is
leveraging the collective sustained double-digit growth per capita income to $21,000 going to be in this transition
intelligence to address both and reduce inequality, we need requires significant growth in space, and this will be a
known and unknown challenges. agriculture (4x), industry (14x), natural lever of
This requires the mobilisation of fail-safe social protection and services (10x), manufacturing and service
measures and a high-growth
untapped ideas, underutilized ecosystem in rural villages. This necessitating a shift in the sector growth in India.
technology, and necessary involves shifting the workforce traditional economic growth
funding for success. paradigm. Rural prosperity • The primary sector, including
to high-yield agriculture, depends on the growth of
developing a new model for high-value agriculture,
In this section, we explain why rural manufacturing and worker productivity, as forestry, textiles have
these initiatives deviate from services, and implementing a cultivators earn 2.27 times the near-rural linkages to
business-as-usual approaches, "new deal" for double-digit income of laborers, while secondary and tertiary
highlighting the magnitude of the growth. The off-track indicators non-farm workers earn more sectors, such as food,
problem, the moral imperative, than twice the income of bio-based value chains
and the supportive factors that are concentrated in TRI's focus cultivators. including tourism, carbon
states of Madhya Pradesh,
extend beyond a linear results Chhattisgarh, Jharkhand, Uttar sequestration and water.
chain. Our intention is to instil Pradesh, and Bihar. On the The "New Rural" approach Business models related to
confidence in the collaborative positive side, internet access, prioritises the expansion of food, bio-based activities,
potential to overcome these local opportunities for and ecosystem services
challenges together. bank accounts, full vaccination value-growth and increased connected to the availability
coverage, improved sanitation, productivity across primary,
multidimensional poverty secondary, and tertiary sectors. of renewable resources
reduction, access to electricity, It aims to leverage local create comparative
and progress in reducing resources, boost local advantages for the “rural
under-5 and neonatal mortality consumption and demand, and sector”.
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