Why Indian Companies Prefer Rural Markets? (9 Important Reasons)
With urban market showing signs of saturation, companies are excited about the potential of rural India.Some major companies that have focused in the rural sector are Philips, Parle, Proctor & Gamble, Colgate-Palmolive, Godrej, Bajaj Auto, TVS, Atlas Cycle HUL, and Dabur. But now every company feels that road to success passes through rural markets. ADVERTISEMENTS: Following reasons indicate the potential of rural markets: 1. Large Population: According to 2011census rural population is 68.84% of total population and it is scattered over a wide range of geographical area. Image Source: i.huffpost.com 2. Rising Rural Prosperity: Average income level has improved due to modern farming practices, contract farming, industrialisation, migration to urban areas and remittance of money by family members settled abroad. The urban-rural disparity ratio has declined greatly. The rich segment…