Significance of Khadi and Village Industries on Indian economy “State of art”

This article focuses on present status of Khadi and Village Industries and the challenges faced by the under developing state of India such as Chhattisgrah and the globalized world of free market economy and apart from this several recommendation are also postulated for the development and improvement of economy statue. In India Chhattisgarh has an agrarian economy, apart from agriculture practice, khadi and village industries (KVI) plays a significant role in rural economic development. From earlier period KVI is an integral part of the village life and plays momentous role in sustainable and balance growth of a nation. Moreover it becomes an alternative weapon for the peoples of Ural area to overcome from unemployment and underemployment and deserve identical fostering as we are nurturing the culture of Multi National Companies in our country. The paper highlights the contemporary status of KVI in the background of globalization and the challenges faced in the form of sturdy market competition Keywords:- KVI, economy, Globalization, Ural area