Poverty in India


 

A Synopsis by IndiaOneStop.Com

  • Even more than 50 years after independence from almost two centuries of British rule, large scale poverty remains the most shameful blot on the face of India.

  • India still has the world’s largest number of poor people in a single country. Of its nearly 1 billion inhabitants, an estimated 350-400 million are below the poverty line, 75 per cent of them in the rural areas.

  • More than 40 per cent of the population is illiterate, with women, tribal and scheduled castes particularly affected.

  • It would be incorrect to say that all poverty reduction programmes have failed. The growth of the middle class (which was virtually non-existent when India became a free nation in August 1947) indicates that economic prosperity has indeed been very impressive in India, but the DISTRIBUTION OF WEALTH has been very uneven.

  • The main causes of poverty are illiteracy, a population growth rate by far exceeding the economic growth rate for the better part of the past 50 years, protectionist policies pursued since 1947 to 1991 which prevented large amounts of foreign investment in the country.

  • Poverty alleviation is expected to make better progress in the next 50 years than in the past, as a trickle-down effect of the growing middle class. Increasing stress on education, reservation of seats in government jobs and the increasing empowerment of women and the economically weaker sections of society, are also expected to contribute to the alleviation of poverty.

  • Eradication of poverty can only be a very long-term goal in India.

Top General index India's middle classes Status of women in India

 


Home | General Info | Economy | Markets | Directory | Tenders | Stocks | Currency Converter 
Project Reports
| Biz News | Biz Events | Jobs | Résumés | Debate | Ask Us | Site Search
World | New | Visitor Survey | Advertise | About Us | Contact Us

 

© Copyright Ontrack Systems Limited, 2009-2010. All rights reserved. See privacy policy.