Economy, asked by Swastikdas6226, 1 year ago

why poverty still remains a challenge for the Indian gov

Answers

Answered by sawakkincsem
389
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.
Answered by wajahatkincsem
74
The Indian economy has backed off strongly finished the three months to the finish of September. 
The annualized rate is currently 6.9%, the slowest rate in two years. The log jam is being faulted for a sharp ascent in financing costs and the national bank has raised the cost of acquiring 13 times in year and a half. 
India stays one of the world's quickest developing economies, despite the fact that development is as yet subtle for a huge number of millions. This implies neediness remains an enormous test for the legislature. 
The explanations behind poerty issue in India looked by government are: 
Since more established circumstances Britishers have plundered India's riches and assets 
Low quality of government schools and compositions 
Debasement Black cash 

Joblessness 
Rising populace 
Illiteracy
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