Q. Explain the socio- cultural and economic factors responsible for poverty?
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MANY SOCIO-CULTURAL AND ECONOMIC FACTORS ARE ALSO RESPONSIBLE FOR POVERTY.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 BUY AGRICULTURAL INPUTS LIKE SEEDS , FERTILIZERS , PESTICIDES , ETC.
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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. Small farmers used to take loans to buy seeds, fertilisers, pesticides etc. When there is crop failure they become indebted.
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