The countries across globe have decided to not focus just on the uplifting of poor in economic terms rather in socio-economic terms. Socio-economic is a branch of the economic which not only focuses on the economics of the people but also on the social aspects which are in line with the economics of the poor in rural areas. The dynamic of developing country as of India is very evident difference in backgrounds of the people in the rural parts in comparison to the urban parts of the country. The difference is not just limited to economic aspects of living rather it is very evident in Social and cultural aspects as well. Socioeconomic determine the living standard as it is an indicator of level of knowledge, skills, and income which are conditions for living. Though, it won’t be wrong to state that it the economic status which determines the lifestyle of the individual. No society or region can be developed with the exception of any part remaining lag behind. This idea has been proved in many countries as if any segment of the economic areas are lagging it pulls down the entire system with it.

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Keywords: Socio-Economic, Industrial Development, Agriculture, Liberalization, Globalization.