18

Poverty and its Reduction in Independent India

Introduction 

In common parlance poverty refers to lack of money or more broadly a socio-economic situation in which a section of the society does not have sufficient resources to meet their economical necessities of life. Existence of plentiful natural and physical resources alone is not enough to eradicate poverty. For instance, there are several countries in the world like India which have plenty of these resources and yet remain poverty-stricken. Answer to the questions ‘What makes India so poor’ is not easy to articulate. There are several complex issues and problems involved in the making of a country’s poverty. Countries like Israel and Japan that do not boast of natural resources like ...

Get Indian Economy now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.