Companies are increasingly targeting rural consumers in India. The urban market is becoming saturated while rural households have more disposable income from recent good harvests. Many companies are actively cultivating rural markets for the first time by adding many new dealers and reaching millions of additional rural households. The total potential market size in rural India is estimated to be three times the size of the European market.
Companies are increasingly targeting rural consumers in India. The urban market is becoming saturated while rural households have more disposable income from recent good harvests. Many companies are actively cultivating rural markets for the first time by adding many new dealers and reaching millions of additional rural households. The total potential market size in rural India is estimated to be three times the size of the European market.
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Companies are increasingly targeting rural consumers in India. The urban market is becoming saturated while rural households have more disposable income from recent good harvests. Many companies are actively cultivating rural markets for the first time by adding many new dealers and reaching millions of additional rural households. The total potential market size in rural India is estimated to be three times the size of the European market.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
“Come with us to the fields, or go with our brothers to
the sea and cast your net. For the land and the sea would be bountiful to you even as to us”- Kahlil Gibran The footfalls in the villages are getting louder and louder as companies scramble to woo the rural consumers. Villages are no longer an abstraction, but fashionable in marketing terms. From talking endlessly about potential growth, companies are now actively cultivating the rural markets. And why not? Consider the market; out of five lakh villages in India only one lakh have been tapped so far. What has made the rural consumers so attractive to companies now? After all, the 122- million village households were not created overnight. The answer is simple. The urban market is getting saturated while villagers are flush with 'disposable income' thanks to bountiful harvests in the last four years. It is this income that the companies are raring to cash in on. The estimate speaks of the potential volume of business that can be generated in rural Indian markets. The estimate is about three times that of the European market. Hindustan Lever's 'Operation Bharat' will reach 22 million new households in the villages by the end of the year. Every area that has a police station will soon boast a Godrej dealer & service centre. BPL is planning to add 13,000 active dealers this year to its existing network of 15,000 throughout the country.