Give information about efforts made by government to reduce poverty?
Answers
Following are the steps taken by government to reduce poverty in India are as follows:
• By accelerating economic growth:
The government tried to impart various methods for accelerating economic growth. They really expected that the poor will be raised above the poverty line with the various growth measures. While efforts were made to accelerate economic growth but they fail as they applied capital-intensive technologies of the Western Countries. Our nation is more on the road to the labour-intensive path of economic growth. Hence, fiscal and monetary were adopted that provide incentives for using labour-intensive techniques.
• By agricultural growth and poverty alleviation:
One of the most important factors is agricultural growth that can help reduce poverty. As per reports of Montek Ahluwalia commission (former member of Planning Commission), it brought clearly that agricultural growth and poverty are inversely related. As higher the agricultural growth is, it leads to lower poverty ratio.