Posts Tagged Indian economy
It is incorrect to consider the products, productivity and income generating power of the K&VI sector as of inferior quality. The tag of village industries is not very appropriate. It instantly pulls them down to an inferior status in comparison to modern industries.
They are village industries because they cater to the local markets and are owned & managed by local people with local tools and raw materials. 80% India lives in villages or depends on villages.
The Reserve Bank Of India (RBI) has consigned to history the 25 paise coin, called in public parlance as “chavanni”. The coin is no more a legal tender. Can the idiom “chavanni chhaap” survive this economic assault on linguistic usage? The mandarins of the RBI are rich men and women, a part of the global […]