Why poverty still remains a challenge for the Indian government ?
priyaja:
India is a developing country
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Indian Government still faces the challenge of poverty due to the following factors:
1. Rapid Growth Of Population:
Population growth at a faster rate increases labor supply which tends to lower the wage rate.
2. Unequal Distribution Of Land and Other Assets:
Unequal distribution of and and other assets indicates a high degree of poverty in India.
3. Decline of village Industries:
Village industries fail to compete with the rural industries in terms of quality and price. As a result, they close down leading unemployment.
4. Lack Of Employment Opportunities:
Unemployment is the reflection of poverty.
5. Social Customs:
The rural-ties spend a large amount of annual incomes on social ceremonies like marriage, death feasts etc. As a result, they remain in debt and poverty.
1. Rapid Growth Of Population:
Population growth at a faster rate increases labor supply which tends to lower the wage rate.
2. Unequal Distribution Of Land and Other Assets:
Unequal distribution of and and other assets indicates a high degree of poverty in India.
3. Decline of village Industries:
Village industries fail to compete with the rural industries in terms of quality and price. As a result, they close down leading unemployment.
4. Lack Of Employment Opportunities:
Unemployment is the reflection of poverty.
5. Social Customs:
The rural-ties spend a large amount of annual incomes on social ceremonies like marriage, death feasts etc. As a result, they remain in debt and poverty.
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HEY
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Poverty reduction is expected to make better progress in the next ten to fifteen years.
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ANSWER IS HERE
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Poverty reduction is expected to make better progress in the next ten to fifteen years.
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