Question

Briefly discuss the poverty and inequality situation in india​

Answer 1

Answer:

POVERTY AND INEQUALITY An attempt to examine the intertwined issues of poverty, inequality, and growth in India in the 1990s involves an exploration of all three topics. The conventional view of what happened in the Indian economy in the 1980s and the 1990s is that economic growth averaged around 5.5 percent per annum; population growth was around 2 percent, so per capita growth averaged 3.5 percent. This rate of growth was a major acceleration from the past, and both the agricultural and the nonagricultural sectors of the economy shared in it. Agriculture grew at a robust 3.7 percent per annum, and nonagriculture grew at 6.6 percent. Rural India, where most of the poor reside, benefited enormously, and absolute poverty declined at a fast pace in the 1980s. The head-count ratio of poverty (the proportion of people below the poverty line, compared to the total population) declined from 45 percent in 1983 to 37 percent in 1993–1994. This decline is remarkable because both in the 1950s and in the 1960s, the poverty ratio had, in some year or another, hovered around 45 percent. (For the same poverty line, poverty in 1951 was 45.3, and in 1961, it was 46.5 percent.)

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