Discuss the major reason for poverty in India?
Answers
Answer:
Major Reasons Of Poverty In India
(i) Heavy pressure of population:
Population has been rising in India at a rapid speed. This rise is mainly due to fall in death rate and more birth rate.
India’s population was 84.63 crores in 1991 and became 102.87 crores in 2001. This pressure of population proves hindrance in the way of economic development.
(ii) Unemployment and under employment:
Due to continuous rise in population, there is chronic unemployment and under employment in India. There is educated unemployment and disguised unemployment. Poverty is just the reflection of unemployment.
(iii) Capital Deficiency:
Capital is needed for setting up industry, transport and other projects. Shortage of capital creates hurdles in development.
(iv) Under-developed economy:
The Indian economy is under developed due to low rate of growth. It is the main cause of poverty.
(v) Increase in Price:
The steep rise in prices has affected the poor badly. They have become more poor.