government made a lot of poverty alleviation programme but profile did not reach to needy person. explain why?
Answers
Answer:
Poverty reduction is one of the world's most important challenges, and it is proposed the private sector has an important role to play in creating the economic growth, employment and purchasing options needed for significant poverty reduction. Poverty is highly correlated with many negative measurable aspects of standards of living and therefore reducing poverty can have a positive impact on the lives of millions of people around the world. There is much to learn about poverty reduction through examining examples in Asia, as it is the region of the world which has both the most people currently living in poverty and has had the most success in reducing poverty.
Explanation:
As India is one of the fastest-growing economies in the world, poverty is on the decline in the country, with close to 18 Indians escaping extreme poverty every minute, as per the World Poverty Clock. India had 53.5 million people living in extreme poverty which makes up 4% of its total population, according to the Brookings report. In May 2012, the World Bank reviewed and proposed revisions to their poverty calculation methodology and purchasing power parity basis for measuring poverty worldwide.[1] It was a minimal 3.6% in terms of percentage. As of 2020, the incidence of multidimensional poverty has significantly reduced, declining from 54.7 percent in 2005 to 17 percent in 2020. Despite the pandemic its economy is healing [2]
India
Poverty rate map of India by prevalence in 2012, among its states and union territories
Slums near the international airport in Mumbai/Bombay
India Poverty rate since 1993 based on World Bank $2.00 ppp value
According to United Nations Development Programme Administrator Achim Steiner, India lifted 271 million people out of poverty in a 10-year time period from 2005/06 to 2015/16.[2]
The World Bank has been revising its definition and benchmarks to measure poverty since 1990-1991, with a $2 per day income on purchasing power parity basis as the definition in use from 2005 to 2013.[3] Some semi-economic and non-economic indices have also been proposed to measure poverty in India. For example, in order to determine whether a person is poor, the Multi-dimensional Poverty Index places a 33% weight on the number of years that person spent in school or engaged in education and a 6.25% weight on the financial condition of that person.[4]
The different definitions and underlying small sample surveys used to determine poverty in India have resulted in widely varying estimates of poverty from the 1950s to 2010s. In 2019, the Indian government stated that 6.7% of its population is below its official poverty limit.[5] Based on 2019's PPPs International Comparison Program,[6][7] According to the United Nations Millennium Development Goals (MDG) programme, 88 million people out of 1.2 billion Indians, roughly equal to 6.7% of India's population, lived below the poverty line of $1.25 in 2018–19.[8]
From the late 19th century through the early 20th century, under British colonial rule, poverty in India intensified, peaking in the 1920s.[9][10] Famines and diseases killed millions each time.[11][12] After India gained its independence in 1947, mass deaths from famines were prevented.[citation needed] Since 1991, rapid economic growth has led to a sharp reduction in extreme poverty in India.[13][14] However, those above the poverty line live a fragile economic life.[15]