Describe poverty trends in India since 1973.
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Explanation:
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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Explanation:
There was a substantial decline in poverty ratios in India from about 55% in 1973 to 36% in 1993. (a) The proportion of people below poverty line further came down to about 26 % in 2000. (b) If the trend continues, people below poverty, line may come down to less than 20 % in the next few years.
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