homeeconomy NewsSocial Development Sector in 2023 — an year of contrasts

Social Development Sector in 2023 — an year of contrasts

While India has lagged behind developed farming nations in the technology domain, recent years have witnessed a remarkable surge in the agtech landscape. From a modest count of less than 50 startups and social enterprises, the sector has blossomed to encompass over 1,000 entities in the last few years, observes Tamali Kundu, Integrator at PRADAN.

By Tamali Kundu  Dec 31, 2023 1:27:30 PM IST (Updated)

4 Min Read

As the calendar year approaches its end, it is time to reflect on the path of progress woven across India's social landscape. 2023, particularly, has been a year of contrasts, marked by both triumphs and tribulations for the social development sector, especially in rural India. Almost 70% of the households rely on agriculture, the fields emerged as India’s economic nucleus.
While the narrative around rural India often paints a picture of stark deprivation, the reality is more nuanced. As per latest reports, poverty reduction in rural areas outpaced urban counterparts, dropping to around 19.2% in the last two years, marking significant progress in rural development.
On one hand, government schemes like Jal Jeevan Mission have delivered clean tap water to around 19.24 crore rural households in 2023; on the other hand, agricultural developments like regenerative farming have immensely helped improving soil quality. Rural markets, constituting around 35% of the FMCG industry, exhibited a positive consumption this year.