EVALUATING THE ECONOMIC IMPACT OF RICE MILLS ON DHAMTARI DISTRICT’S DEVELOPMENT
DOI:
https://doi.org/10.29121/shodhkosh.v5.i6.2024.6472Keywords:
Rice Mills, Economic Impact, Financial Growth, Regional Development, Employment, Dhamtari District, Agrarian EconomyAbstract [English]
Rice milling business is one of the key industries of economic and social development of the agrarian regions of India. The present research paper is an economic analysis of the roles of rice mills in developing Dhamtari District in the year 2017-2022. Based on a mixture of the primary data through the use of specific mills and the secondary data through government reports and industry publications and financial records, the study analyzes the important aspects of income generation, employment generation, investment trends and the efficiency of the operations. The results establish that rice mills are important in the determination of the level of income in the countries, increase employment opportunities, and facilitate the stability of the economy of the region. Nevertheless, the issues such as unstable prices of raw materials, inability to access funds, regulatory adherence and technological shortcomings are obstacles to expansion. The paper also points out the possibility of modernization, financial aid and policy encouragement to further boost the economic roles of the rice mills. This study has great implications on policy makers, business people, and other stakeholders interested in facilitating sustainable economic growth in the Dhamtari District and other agrarian states.
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Copyright (c) 2024 Kesharlata Sahu, Dr. Amit Verma
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