Sagacity of Indian economy: in the context of rural development & Panchayati Raj
Dr. Suparna Sanyal Mukherjee
Indian economy and rural India propagate symbiotic relationship while three tiers Panchayati Raj system accelerate the conditions. Economic Policy guidelines of 2009, Five Year Plans specified rural economic up-gradation, countable facilities, people orientation, person day’s employment generation, feasibility of economic structure and rural development. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is one of the most effective step forwarding the phenomenon, implemented in 2005, to accelerate rural economy of India to a higher strata. Development in rural economic structure under the decree of Panchayati Raj system creates a synergy in Indian context. Economy plays a vital role to secure socio-economic nomenclature of the rural society at large. India’s administrative structure mentioned West Bengal as one of the most important and valuable State of Eastern India. Person-days employment generation and providing the same along with total and average expenditure in comparison with district wise evaluation of the year 2015-16 & 2016-17 up to 21st September 2016 of West Bengal has been emphasized upon for the present sequel, which proves strategic policy enhancement and Indian economy in the present context. The strategic management of rural India’s economy iterates its sagacity in recent years and paradigms have helped to ensure that South Asia is the fastest growing region in the world while India’s place is at the apex.