Volume : 10, Issue : 12, DEC 2024

INDIA IN THE GLOBAL SOUTH: A RISING ECONOMIC POWER

THE IMPACT OF CHANGING DYNAMICS OF GLOBAL SOUTH ON INDIAN RURAL ECONOMY

RAM CHANDER SAINI

Abstract

The Global South significantly influences India's rural economy through trade, agricultural development, investment, labor migration, climate change initiatives, regional agreements, cultural exchange, and geopolitical alignments. Countries in Africa, Latin America, Asia, and Oceania serve as important export markets for Indian agricultural products and a source of raw materials for rural industries. Knowledge-sharing initiatives and technology transfers benefit rural India, while foreign direct investments contribute to infrastructure development. Labor migration leads to skills development and remittances that boost rural livelihoods. Collaborative efforts on climate change and regional agreements promote economic growth in rural areas, highlighting India's pivotal role in shaping its rural economy within the Global South.

Keywords

INDIAN RURAL ECONOMY, GLOBAL SOUTH, KNOWLEDGE-SHARING, CLIMATE CHANGE, ECONOMY GROWTH, RURAL DEVELOPMENT, ECONOMY, LABOR, MIGRATION.

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