According to World Bank's latest definition of poverty, persons spending less than USD 1.25 a day are poor. 45 crore Indians spend less than this amount on any given day.
Asian Development Bank also has come up with it's report which states India ranks even below smaller countries like Bangladesh, Pakistan, and Sri Lanka.
Asian Development Bank also has come up with it's report which states India ranks even below smaller countries like Bangladesh, Pakistan, and Sri Lanka.
What one of the econimist from DSE stated yesterday in his interview on NDTV 24*7 is the same old thing, "The rich are becoming richer, and the poor are becoming poorer. However, the rate of these two is increasing, just like India's growth rate is. The rate of becoming richer and poorer is increasing besides the gap and that is the reason that we have the economic divide in the country."
According to the ADB report, pro-poor distribution policy can reduce poverty from 54.8 per cent to 20.4 per cent by 2020, while the pro-rich policies would bring down the poverty to 29.6 per cent.
The question is are the policies enough to reduce poverty levels in India?
1 comment:
In order to improve the condition of poverty the underdeveloped areas must be developed to eradicate the state of poverty.
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Taylor
Blazeinfotech
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