Question

Describe poverty trends in India since 1973?

Answer 1

There has been a substantial decline in the poverty ratios in India from about 54.9 per cent in 1973 to 36 per cent in 1993. The proportion of people below poverty line further came down to about 26 percent in 2000. However the number of poor people are constant around 320 million for a long time.

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Answer 2

Poverty Trends In India Since 1973

• Poverty in India is tallied by the sum of the population living below the poverty line (BPL). A person that earns lesser than the minimum tallied value of poverty is considered to be poor. The minimum number is different for rural and urban areas.

• In 1973 the poverty ratio was 55% which had substantially been reduced to 36% in 1993 and later further to 26% in 2000.

• The poverty ratio has been decreasing with every passing year since Independence. This ratio is said to be decreased to 22% as per the Census in 2011 and will most probably decrease even more fortunately in the coming years.

• The latest estimation implies a substantial reduction in the number of poor to nearly three hundred million.

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