essay for poverty in India
Answers
Poverty in India is an important issue in India, despite having one of the fastest growing economies in the world, clocked at a growth rate of 7.6% in 2015, and a sizable consumer economy: According to Deutsche Bank Research the estimates are nearly 300 million people in the Middle Class.[1] If current trends continue, India's share of world GDP will significantly increase from 7.3% in 2016 to 8.5% by 2020.[2] In 2011, less than 22 percent of Indians lived under the global poverty line, nearly a 10 percent reduction from 29.8 percent just two years prior in 2009.[3]
The World Bank has similarly revised its definition and benchmarks to measure poverty since 1990, with $2 per day income on purchasing power parity basis as the definition in use from 2005 to 2013.[4] Some semi-economic and non-economic indices have also been proposed to measure poverty in India; for example, the Multi-dimensional Poverty Index placed 33% weight on number of years spent in school and education and 6.25% weight on financial condition of a person, in order to determine if that person is poor.[5]
The different definitions and different underlying small sample surveys used to determine poverty in India, have resulted in widely different estimates of poverty from 1950s to 2010s. In 2012, the Indian government stated 22% of its population is below its official poverty limit.[6] The World Bank, in 2011 based on 2005's PPPs International Comparison Program,[7] estimated 23.6% of Indian population, or about 276 million people, lived below $1.25 per day on purchasing power parity.[8][9] According to United Nation's Millennium Development Goals (MDG) programme 270 millions or 21.9% people out of 1.2 billion of Indians lived below poverty line of $1.25 in 2011-2012.[10]
Poverty in India is a historical reality. From late 19th century through early 20th century, under British colonial rule, poverty in India intensified, peaking in 1920s.[11][12] Famines and diseases killed millions each time.[13][14] After India gained its independence in 1947, mass deaths from famines were prevented. Rapid economic growth since 1991, has led to sharp reductions in extreme poverty in India.[15][16] However, those above poverty line live a fragile economic life.[17]
The World Bank reviewed and proposed revisions in May 2014, to its poverty calculation methodology and purchasing power parity basis for measuring poverty worldwide, including India. According to this revised methodology, the world had 872.3 million people below the new poverty line, of which 179.6 million people lived in India. In other words, India with 17.5% of total world's population, had 20.6% share of world's poorest in 2011.[9][18] As of 2014, 58% of the total population were living on less than $3.10 per day .[19] According to the Modified Mixed Reference Period (MMRP) concept proposed by World Bank in 2015, India's poverty rate for period 2011-12 stood at 12.4% of the total population, or about 172 million people; taking the revised poverty line as $1.90.[20][21][22]
The Asian Development Bank estimates India’s population to be at 1.28 billion with an average growth rate, from 2010-2015, at 1.3%. In 2014, 49.9% of the population aged 15 years and above were employed. However, there are still 21.9% of the population who live below the national poverty line.[23]
According to Global Wealth Report 2016 [24] compiled by Credit Suisse Research Institute, India is the second most unequal country in the world with the top one per cent of the population owning nearly 60% of the total wealth. [25]
Explanation:
Poverty is a situation which means a person is unable to get minimum basic needs such as food, drinking water, clothing and shelter.
Being in poverty is very hard and difficult to lead a life day by day. Poverty affects people's life in many ways. It creates a situation in which people fail to get sufficient income so they can't able to buy even necessary things
Poverty has been a serious issue which has troubled many countries. Because of this poverty many nations are not developing.
\bold{REASONS \: FOR \: POVERTY \: :-}REASONSFORPOVERTY:−
The following are the major reasons for poverty in any country :-
=> Over Population
=> Low-agricultural Output
=> Caste system and untouchability
=> Illiteracy and Unemployment
=> Natural disasters
=> Lethal and epidemic diseases
=> Lack of proper education
=> Inequality, etc.
\bold{TO \: REDUCE \: POVERTY \: :-}TOREDUCEPOVERTY:−
Poverty can be reduced by following ways :-
=> Empower the people who are living in poverty.
=> Family planning should followed by the people to reduce over population.
=> Government should take steps so that farmers get proper facilities for good agriculture.
=> Free education should be given to poor children.
=> Create and improve an employment opportunities.
=> Providing the basic needs such as health centres, sanitation, drinking water
and sufficient food. etc.
hope it helps