Economics

Describe poverty trends in India since 1973.


SOLUTION
  • There was a substantial decrease in poverty in India from about 55% in 1973 to 36% in 1993.
  • The proportion of people below the poverty line further came down to about 26% in 2000.
  • If the current trend continues then people below poverty line may come below 20% in the next few years.
  • Although the percentage of people below the poverty line is decreasing from 1973 the number of people living below the poverty line remain the same(about 320 million(
  • The latest estimate indicates a significant reduction in the number of poor to about 260 million.
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Subjective Hard Published on 16th 09, 2020
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