Discuss the major reasons for poverty in India
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Main Causes of Poverty in India
(i) Heavy pressure of population:
(ii) Unemployment and under employment:
(iii) Capital Deficiency:
(iv) Under-developed economy:
(v) Increase in Price:
(vi) Net National Income:
(vii) Rural Economy:
(viii) Lack of Skilled Labour:
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there are a number of causes /reasons responsible for the widespread poverty in India. some of them are following:
- No level of economic development under british rule in India
- Decline of Indian handicraft industries which led to unemployment and poverty
- social factors like cast system, religious faiths and belives also kept certain section of people in society in poverty
- High growth rate of population led to a very low per capita income in the country
- Huge income inequalities due to unequal distribution of land and other resources
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