Causes of Poverty
India’s population has been continuously increasing throughout the years. It has increased at a pace of 2.2 percent per year for the past 45 years, implying that around 17 million people are added to the country’s population each year. This has a significant impact on the demand for consumer products. The following important reasons are mostly responsible for poverty:
Low Agricultural Productivity
The agriculture sector’s low productivity is a key source of poverty. Low productivity can be caused by a variety of factors.
It is mostly due to fragmented and subdivided landholdings, a lack of cash, ignorance about modern farming technology, the use of conventional farming practices, loss during storage, and other factors.
Inadequate Utilization of resources
The country suffers from underemployment and hidden unemployment, notably in the agricultural sector. Low agricultural productivity and a drop in living standards have ensued as a result of this.
Economic Development at a Slow Rate
India’s Economic inequality has been slow, particularly in the first 40 years of independence before the LPG reforms in 1991.
Check-out: Role of Government in Reducing Poverty
Continuous Price hike
The country’s price increases have been consistent, adding to the burden carried by the poor. Although a few people have profited, the lower-income groups have suffered as a result, and are unable to meet even their most basic needs.
- Unemployment: It is another element that contributes to poverty in India. As the world’s population grows, so does the number of people looking for work. However, the increase in possibilities is insufficient to meet the demand for work.
- Social Issues: In addition to Economic inequality, social factors obstruct India’s poverty eradication efforts. The laws of inheritance, the caste system, and certain customs, to name a few, are all obstacles in this respect.
What is Poverty? Meaning, Causes, Measures and FAQs
Poverty definition: When a person is unable to get the minimum necessities of life this situation is known as poverty. Poverty means that the income level from employment is so low or no employment that basic human needs are not met. Poverty-stricken people can go without proper housing, clean water, healthy food, and medical attention.
Progress has been made in measuring and analyzing poverty, the World Bank Organisation is working to identify other indicators and dimensions of poverty. This includes identifying social indicators to track education, health, access to services, social exclusion, and vulnerability.
Table of Content
- What is Poverty?
- Understanding Poverty
- Aspects of Poverty
- Types of Poverty
- Causes of Poverty
- How to reduce Poverty?
- Which Countries have Highest Poverty Rates?
- Latest Statistics and Research Findings on Poverty
- Real-World Case Studies: Illustrating the Impact of Poverty