Explain three reasons responsible for the widespread poverty in India.

Solution

Three important factors responsible for widespread poverty in India are as follows:

(1) Inadequate Growth : The growth of the Indian Economy, estimated at about 4% per annum during 1951-98, has been inadequate to meet the needs of the people.

(2) Inequalities of Income : A large part of growth in the economy has been cornered by the rich people. As a result, a large proportion of population has continued to live below the poverty line.

(3) Growing Unemployment : The employment creation capacity of growth has been limited. As a result, unemployment increases day by day.

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Poverty

Explain three reasons responsible for the widespread poverty in India.

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