beijingwalker
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8 Reasons Why India Is So Poor
The Super Poor India !
India has 363 million (or 29.5percent) people under the poverty line based on a survey of 2011-12, as against 407 million (37 percent) in 2004-05. This is latest claim that comes from the Rangarajan Committee in June 2014, until then it was pegged at 269 million (22 percent) using another formula. That’s enough for the comedy of poverty line in India! The more comprehensive Multidimensional Poverty Index 2013 report of UK based Oxford Poverty and Human Development Initiative (OPHI) and the United Nations Development Program (UNDP) says that 53.7 percent (or 650 million) people are poor. While there can never be agreement on poverty numbers, compare these numbers with the European Union and US populations of 500 million and 320 million, respectively.
India holds the distinction of having the most number of poor of the world – a super poor nation! Consequently, South Asia has become the world’s biggest center of extreme poverty. On the World Bank’s extreme poverty line of 1.25 dollars a day, there are roughly 500 million extreme poor in South Asia, followed by 400 million in sub Saharan Africa. The chart below clearly shows the global poverty trends since 1981.
Given the multitude of languages, customs, cultures and “castes” in India, the reasons for poverty are also numerous and intertwined. Here an attempt is made to highlight 8 important reasons for high poverty in India. However, one message is very clear: One has to look at poverty, beyond income.
https://soapboxie.com/social-issues/Reasons-Why-India-is-So-Poor
The Super Poor India !
India has 363 million (or 29.5percent) people under the poverty line based on a survey of 2011-12, as against 407 million (37 percent) in 2004-05. This is latest claim that comes from the Rangarajan Committee in June 2014, until then it was pegged at 269 million (22 percent) using another formula. That’s enough for the comedy of poverty line in India! The more comprehensive Multidimensional Poverty Index 2013 report of UK based Oxford Poverty and Human Development Initiative (OPHI) and the United Nations Development Program (UNDP) says that 53.7 percent (or 650 million) people are poor. While there can never be agreement on poverty numbers, compare these numbers with the European Union and US populations of 500 million and 320 million, respectively.
India holds the distinction of having the most number of poor of the world – a super poor nation! Consequently, South Asia has become the world’s biggest center of extreme poverty. On the World Bank’s extreme poverty line of 1.25 dollars a day, there are roughly 500 million extreme poor in South Asia, followed by 400 million in sub Saharan Africa. The chart below clearly shows the global poverty trends since 1981.
Given the multitude of languages, customs, cultures and “castes” in India, the reasons for poverty are also numerous and intertwined. Here an attempt is made to highlight 8 important reasons for high poverty in India. However, one message is very clear: One has to look at poverty, beyond income.
https://soapboxie.com/social-issues/Reasons-Why-India-is-So-Poor
