Economy, asked by udhayakumar1947, 1 year ago

How are socio cultural and economic factors responsible for poverty in India

Answers

Answered by rajat73
31
India has widespread poverty due to various, historical,socio-economic and cultural reasons;
social cultural causes of poverty
In order to fulfil social obligations and observe religious ceremonies, most people in India including the poor used to spent lot of money. this take them back to poverty .
Economic causes of poverty
small farmers used to take loans to buy seeda,fertilizer, pesticides etc. when there is crop failure they become indebted. this takes them under poverty..
Answered by SomeoneVerySpecial
12

In order to fulfill social obligations and observe religious ceremonies, people in India including the very poor, spend a lot of money.

Small farmers need money to by agricultural inputs like seeds, fertilizers etc.

Since poor people hardly have some savings, they borrow.

They are unable to repay because of poverty, they become victims of indebtedness.

So, the high level of indebtedness is both the cause and effect of poverty.

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