POVERTY

What is poverty??????It is the inability to get minimum consumption

requirements for life, health and efficiency.The term poverty is used in two ways:1. Absolute Povertyi) calories intake (2400 calories in rural area and

2100 in urban area)i) Minimum consumption expenditure criteria(for

rural areas the national poverty line is estimated at Rs 816 per capita per month and Rs. 1,000 per capita per month in urban areas. )

2.Relative Poverty (comparative analysis)-Relative poverty is defined contextually as economic inequality in the location or society in which people live.

Poverty in India - Statistics- 50% of Indians don’t have proper shelter;

- 70% don’t have access to decent toilets (which inspires a multitude of bacteria to host their own disease party);

- 35% of households don’t have a nearby water source;

- 85% of villages don’t have a secondary - Over 40% of these same villages don’t have proper roads connecting them.

CAUSES OF POVERTY10 main causes of Poverty in India

1. Rapidly Rising Population

2. Low Productivity in Agriculture

3. Under Utilized Resources

4. Low Rate of Economic Development

5.Price Rise6. Shortage of Capital and Able Entrepreneurship:7. Social Factors:

8.Unemployment

9.Capital deficiency

10.lack of proper industrialization

11. Unequal distribution of income

SUGGESTIONS OR REMEDIES 1. INCREASE IN ECONOMIC GROWTH RATE

2. DEVELOPMENT OF AGRICULTURE

3. STABILITY IN PRICE LEVEL

4. CHECK ON INCREASE IN POPULATION

5. INCREASE IN EMPLOYMENT

6. EQUAL DISTRIBUTION OF INCOME

7. EFFECTIVE PUBLIC DISTRIBUTION SYSTEM………