Rural Management Programmes in High Demand
Top B Schools in India for Rural Management programme
Updated as on Sep 13, 2019. The concept to focus on rural development and potentials through the perspective of Management studies, has caught up big time and opened newer doors of job opportunities with many organisations. The MBA in Rural Management programme had created a niche and shall continue to be on demand as the hinterlands in India consist of about 650,000 villages, inhabited by about 850 million consumers making up for about 70 per cent of population and contributing around half of the country's Gross Domestic Product (GDP). With increasing spending capacity and changing consumption patterns in rural areas consumer companies serve one-third of their consumers from rural India.
As per studies:
- FMCG sector in rural and semi-urban India is estimated to cross US$ 20 billion by 2018 and US$ 100 billion by 2025.
- India’s per capita GDP in rural regions has grown at a Compound Annual Growth Rate (CAGR) of 6.2 per cent since 2000.
Owing to the potential size of the market, rural India provides a large and attractive investment opportunity for private companies.
Leading Management institute in India offering PGDM/MBA in Rural Management
Hence, the MBA program in Rural Management is not just for dairy, agri-business or crafted works. India, prevalently, an agrarian economy, major market share and territory fall under rural classification. A course in Rural Management is about connecting with the consumers in the rural market and understanding their behavioural patterns, needs and challenges. Automobiles, Banks, Insurance agencies, Telecom, e-Commerce, Retail organizations like Amul, Nestle, Hindustan Liver, Future Group, Reliance, Godrej Agrovat, Bharti, RPG, MNCs or Rural consultancies like ITC E Chaupal, SCS Group, Grossman and Associates offer lucrative positions in rural management. E-commerce players like Flipkart, Snapdeal, Infibeam and mobile wallet major Paytm have signed MoUs with the government to reach rural areas by connecting with the government’s common service centres (CSCs) being setup in villages as part of the ‘Digital India’ initiative.