Poverty in India
India suffers from a lot of poverty, which means that many people there do not have enough money. In 2012, Acco. to latest report by the Planning Commission of India(Tendulkar Committee) reported that 21.9% of all people in India fall below the international poverty line of US$ 1.25 per day.Over the last decade, poverty has witnessed a consistent decline with the levels dropping from 37.2% in 2004-05 to 29.8% in 2009-10. The number of poor is now estimated at 250 million, of which 200 million reside in rural India.
Despite all the causes, India currently adds more millions people to its middle class every year than any other country same as china.Poverty decline in india is fastest just after china & country will be poverty free by 2020.
According to the release from the Planning Commission, 25.7% of people in rural areas were below the so-called poverty line and 13.7% in urban areas. This is comparable with 33.8% and 20.9%, respectively, in 2009-10, and 42% and 25.5%, respectively, in 2004-05. The poverty numbers are estimated on the basis of consumption expenditure captured in the five- year surveys undertaken by the National Sample Survey Office (NSSO). The decline in poverty numbers was first reported by The Hindu on 16 July. The press release sought to show that the number of poor has declined faster in the period during which the Congress-led United Progressive Alliance was in power and that, in the same period, the monthly expenditure per person had increased more equitably, especially in rural areas. Nearly 20 million people were pulled out of poverty every year, the data showed. While experts welcomed the decline in poverty, they flagged concerns such as the comparability of the numbers.
Cause[change | change source]
There are two views on the cause of poverty in India.
- The Developmentalist View: According to this view, India suffers from poverty due to colonial exploitation.
- The Neoliberal View: According to this view, the following are the causes of poverty.
- Unemployment and underemployment
- Lack of property rights
- Dependence on agriculture
- High population growth rate
- Caste system