Despite economic growth, multidimensional poverty continues to persist in India. Analyse the underlying causes and discuss the measures taken by the government to address them.
Introduction
At per NITI Aayog, multidimensional poverty continues to persist in India (11%/- despite India being 2nd largest economy (US$ trillion) of the world. This indicates dichotomy of India's growth story
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Main Body
Economic Growth context: i Path to become 1st trillion economy by 2030 ii Largest emerging economy of South Asia iii Holds window of demographic dividend Hill 2055 UNFPA Multidimensional Poverty Persistence in India: i Poverty levels at high as 40% among Scheduled Tribes ii More than 70% women informal economy iii Less than 5% growth in agricultural income per year in (last decade (Economic Survey)) iv More than 90% manual scavengers are from Scheduled castes
v Top 10% Indians hold more than 77% of wealth Oxfam vi Less than 5% growth in agricultural income per year in (last decade (Economic Survey)) vii More than 90% manual scavengers are from Scheduled castes Causes of Multidimensional Poverty: i Historical Reasons - Trickledown approach of growth and lack of inclusive growth ii Red Tapism and Leakages in welfare schemes R More than 40% lead gains diverted under PDS (Shanta Kumar Committee) iii Jobless Growth R accounts 20% construe -> Service Sector of GDP) iv Rural Distress where more than 10% population sends (Disguised unemployment)
v Socio-cultural Barriers due patriarchal mindset binding single participation, Caste discrimination etc R Gender wage gap: For same task men get Rs 100, women Rs 40 ILO Measures Taken by Government: i Inclusive Growth model as highlighted under Saptarshi Goals of Budget 2024 with Amrapali Unleashing Potential, Reaching Just mile, Youth Power, Nari Shakti ii PM Garib Kalyan Yojana for food security iii Job Creation R BLI, SLI make in India labor intensive MSME Reforms iv Pushman Bharat for health coverage v MNREGA, Skill India, PM ISHANSHOP Gamesha National Education Policy 2020 AK SEN Capability approach would help in achieving true spirit of Saptarshi Vikach in NITI Sabka Vikach in New India
Conclusion
AK SEN Capability approach would help in achieving true spirit of Saptarshi Vikach in NITI Sabka Vikach in New India
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Monika Srivastava
Issues relating to Poverty and Hunger
Multidimensional Poverty
Causes and Persistence of Poverty in India
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analytical
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