Poverty Reduction Essay

Poverty Reduction Essay-19
Successful to certain extent in reviving the economy, the economic reforms had detrimental effects on increasing the wealth distribution scenario. Education and illiteracy – Education, rather its lack thereof and poverty form a vicious cycle that plagues the nation.Not having enough resources to feed their children, the poor consider education to be frivolous, preferring children to start contributing to the family’s income rather than draining them.

Successful to certain extent in reviving the economy, the economic reforms had detrimental effects on increasing the wealth distribution scenario. Education and illiteracy – Education, rather its lack thereof and poverty form a vicious cycle that plagues the nation.Not having enough resources to feed their children, the poor consider education to be frivolous, preferring children to start contributing to the family’s income rather than draining them.But outdated farming practices, lack of proper irrigation infrastructure and even lack of formal knowledge of crop handling has affected the productivity in this sector tremendously.

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Personal demons like drinking and gambling also leads to draining of the family income inciting poverty. Political – in India, socio-economic reform strategies has been largely directed by political interest and are implemented to serve a choice section of the society that is potentially a deciding factor in the elections.

As a result, the issue is not addressed in its entirety leaving much scope of improvements. Climatic – maximum portion of India experiences a tropical climate throughout the year that is not conducive to hard manual labour leading to lowering of productivity and the wages suffer consequently.

Wealthy people with privileged connection are able to acquire more wealth simply by bribing government officials to maximize their profits from such schemes while the poor remain in a state of neglect for not being able to assert such connections. Individual – individual lack of efforts also contribute towards generating poverty.

Some people are unwilling to work hard or even not willing to work altogether, leaving their families in the darkness of poverty.

In India it is said that 80% wealth in the country is controlled by just 20% of the population. Unemployment – another major economic factor that is causative of poverty in the country is the rising unemployment rate.

Unemployment rates is high in India and according to a 2015 survey data, at the all-India level, 77% of families do not have a regular source of income. Inflation and Price hike – the term Inflation may be defined as an increase in prices of commodities coinciding with the fall in the purchasing value of money.Population growth spurt also leads to generation of unemployment and that means diluting out of wages for jobs further lowering income. Economic –there are a host of economic reasons behind persistence of the poverty problems which are outlined hereunder:- a.Poor Agricultural Infrastructure –Agriculture is the backbone of Indian economy.It impacts individuals in a socio-psychological way with them not being able to afford simple recreational activities and getting progressively marginalized in the society.The term poverty is interconnected with the notion of the poverty line/ threshold that may be defined as the minimum figure of income that is required in a particular country for maintaining the socially acceptable quality of life in terms of nutritional, clothing and sheltering needs.The World Bank has updated its international poverty line figures to 1.90 USD (Rs.123.5) per day on October 2015 (based on prices of commodities in year 2011-2012), from 1.5 USD(Rs.Causes of Poverty in India Factors contributing to the persistent problem of poverty in the country are many and they need to be identified in order to be addressed properly. The growth of population in the country has so far exceeded the growth in economy and the gross result is that the poverty figures have remained more or less consistent.In rural areas, size of the families is bigger and that translates into lowering the per capita income values and ultimately lowering of standard of living.As a direct consequence of inflation, effective price of food, clothing items as well as real estate rises.The salaries and wages do not rise as much in keeping up with the inflated prices of commodities leading to effective decrease of the per capita income. Faulty economic liberalization – the LPG (Liberalization-Privatization-Globalization) attempts initiated by the Indian Government in 1991 were directed towards making the economy more suited to international market-trends to invite foreign investments. Social – The various social issues plaguing the country that contributes towards poverty are:- a.

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