Describe the government strategy towards poverty alleviation in india
Answers
Answer:
The current government strategy of poverty alleviation is based on two planks:
(i) Promotion of economic growth
(ii) Targeted anti-poverty programmes
(iii) Promotion of economic growth:
Till the early eighties, there were little per capita income growth and not much reduction in poverty.
Answer: India is a developing nation. Although its economy is growing, poverty is still a major challenge. However, poverty is on the decline in India. It has around 84 million people living in extreme poverty which makes up ~6% of its total population as of May 2021. The COVID-19 pandemic is expected to drive an additional 90 to 115 million people into extreme poverty this year, with the total rising to as many as 400 million by 2021, depending on the severity of the economic contraction.
Extreme poverty, defined as living on less than $1.90 a day, affected between 9.1% and 9.4% of the world's population in 2020, according to the biennial Poverty and Shared Prosperity Report. This would represent a regression to the rate of 9.2% in 2017. Had the pandemic not disrupted the global economy, this rate was expected to drop to 7.9% in 2020. In May 2012, the World Bank reviewed and proposed revisions to their poverty calculation methodology and purchasing power parity basis for measuring poverty worldwide.It was a minimal 3.6% in terms of percentage. As of 2020, the incidence of multidimensional poverty has significantly reduced from 54.7% in 2005 to 27.9% in 2015–2016.According to United Nations Development Programme administrator Achim Steiner, India lifted 271 million people out of extreme poverty in a 10-year time period from 2005–2006 to 2015–2016. A 2020 study from the World Economic Forum found "Some 220 million Indians sustained on an expenditure level of less than Rs 32 / day—the poverty line for rural India—by the last headcount of the poor in India in 2013