Finance, Forex and Investments

is india,s economy really growing?if so what abt d rural sector?

indias economy is growing by 9.2% but growth in d rural sector has decreased by 2.8%since last yr.

Public Comments

1. India's economy is growing because of the amount of jobs countries are sending over there for service jobs....I have met and know many people that work for large business's that are required to send there daily financial reports to accounting companies overseas where they cost much less then American firms. also technical support for many companies...HP, IBM, Sony...etc have there service support based in India...the wage for those employees is substantially less then it would be in America or the EU....and as for rural sector many of them are still with out a high school education (yes many countries are starting to install many well accredited universities) and as these countries (India) continues to grow into a global market they continually find themselves with cheaper ways of obtaining the goods it needs to keep it's countries sustained...it doesn't have a need to support local farmers/villagers
2. Is this because people move to the cities in search of work ?
3. people from the rural areas are moving to urban sectors in search of jobs but they cannot afford this.They are not so educated as well and hence they are exploited.....