Why poverty still remains a challenge fot the indian government?
Answers
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.