Chandrabhan .’s Post

POVERTY IN INDIA : The rate of poverty in India is increasing because of the increase in the urban population. The rural people are migrating to cities to find better employment. Most of these people find an underpaid job or an activity that pays only for their food. Most importantly, around crores of urban people are below the poverty line and many of the people are on the borderline of poverty Besides, a huge number of people live in low-lying areas or slums. These people are mostly illiterate and in spite of efforts their condition remains the same and there is no satisfactory result. Furthermore, there are many reasons that we can say are the major cause of poverty in India. These causes include corruption, growing population, poor agriculture, the wide gap of rich and poor, old customs, illiteracy, unemployment and few more. A large section of people are engaged in an agricultural activity but the activity pays very less in comparison to the work done by employees. #snsinstitutions #snsdesignthinkers #designthinking

India eliminates extreme poverty! India has made significant strides in reducing extreme poverty. The population living below the international benchmark of $1.90 per day has fallen to just 2%. While discussions on the most appropriate poverty line continue among economists, other indicators paint a promising picture. For instance, the share of household expenditure dedicated to food has significantly decreased over the past two decades. In rural areas, this figure has dropped from 59% to 46%, and in urban areas, from 48% to 39%. This trend suggests a rise in disposable income, allowing families to allocate resources towards essential areas like healthcare, education, and better living standards. Key Takeaways: - India's fight against poverty is yielding positive results - Household disposable income continues to rise - Discretionary spend and investment in assets will get a boost #india #investing

Poverty in India has reached its lowest level ever: PM Modi: PM Modi Addressing the TV9 Global Summit, PM Modi said, “Recently, a report on consumption trends in India has emerged, revealing some new insights. Poverty in India has reached its lowest level ever, with single-digit figures. According to this data, consumption has increased by two and a half times compared to the last decade. This indicates that the capacity of Indian people to spend on various services and amenities has increased. It has also been observed that over the past 10 years, consumption in villages has grown at a faster pace than in cities. This means that the economic capacity of rural people is increasing, and they have more money to spend.” #pmmodi #narendramodi #news #news9live #news9globalsummit #tv9 #newsninetv

India eliminates extreme poverty! Key Takeaways: - India's fight against poverty is yielding positive results - Household disposable income continues to rise - Discretionary spend and investment in assets will get a boost

HISTORIC DECLINE IN POVERTY & INEQUALITY IN THE LAST DECADE IN INDIA A rigorous Op-ed by Dr. Surjit Bhalla, economist and my predecessor at IMF, using the recent Household Expenditure Survey (HES) shows economic progress over the last decade in India is remarkably pro-poor! Summary of results: 1: A historic fast-paced decline from 12.2 % poor in 2011-12 to now only 2 % poor using the World Bank extreme poverty line of PPP$ 1.9 per capita per day (pcpd) in 2011-12 prices. This level is obtained w/o adding poverty decreases due to free food etc. 2: Using the higher PPP$ 3.2 pcpd as the poverty line, poverty has declined from 53.6 % in 2011-12 to just 21 % now. Such huge decrease in poverty has never happened in India before and is rare in the rest of the world. 3: For the 1st time in Indian history, inequality in India has decreased in both rural and urban areas. Gini (x100) for rural India declined from 28.7 in 2011-12 to 27.0 in 2022-23; urban inequality has declined sharply from 36.7 to 31.9.

I am pleased to share the incredible news that India has achieved a significant milestone in its fight against poverty! The latest consumer-expenditure survey by the National Sample Survey Office reveals that India's official poverty rate has dropped below 5% for the first time ever. This remarkable achievement signifies a substantial reduction in poverty levels and a narrowing rural-urban divide in economic prosperity.The survey highlights that the average per capita monthly expenditure in rural households is 3,773 rupees ($45), while in urban households, it reaches 6,459 rupees ($78). This data indicates the lowest disparity in monthly expenditure between urban and rural Indians ever recorded by the NSSO. Moreover, there has been a notable 2.5-fold increase in consumption in both urban and rural households since the last survey, reflecting significant progress in alleviating poverty. This positive trend is further evidenced by changes in spending patterns, with a decrease in expenditure on cereals and grains and an increase in spending on fruit, vegetables, dairy products, and processed foods. These shifts suggest an evolving dietary pattern and improved economic well-being among the general population. India's success in reducing poverty to below 5% is a testament to the nation's resilience and commitment to economic development. Let's celebrate this remarkable achievement and continue to work towards a more prosperous and inclusive future for all Indians! #PovertyReduction #EconomicDevelopment #IndiaProgress #Growingindia #AbhiwanTechnology #growingtogether

DO THEY HAVE A VOICE ? Majority of the people of India donot have any one to address their struggles, challenges and pains, they live and suffer in silence. The real stories from real India seldom interests the empowered 5% population, that has control of over 90 % of India's wealth. The Media has sold it's conscience to the people yielding money and power, they are 24×7 spewing & propogating hatred, division and false narratives. Corruption at all levels of Governance makes it impossible for the developmental funds to reach & benefit the most affected population. Lack of leadership, which is devoid of any passion , empathy, vision and plan makes the situation worse. ON POVERTY FIGURES The 2023 Multidimensional Poverty Index Report finds over a third of all poor people in the world live in South Asia—which is around 389 million people. India contributes significantly to this number, accounting for almost 70 percent of the increase in extreme poverty. Interestingly, many economists have pointed out that India with the current method of estimating poverty, which is based on the Household Consumption Expenditure Survey (HCES), is flawed & inaccurate . They say that HCES data is often inaccurate and that India should shift to collecting income data instead. STORY:- In Kushinagar, Uttar Pradesh, a father had to sell his son for Rs 20000, so that he could get his wife released from the hospital, which had detained her for non payment of the hospital bills amounting to Rs 4000. Now in this backdrop, it becomes inhumane & unacceptable for the rich people in India to show off their wealth by spending 1000's of crores on the wedding of their Children.

🚀 India's Poverty Puzzle: GDP Growth vs. Wealth Redistribution A World Bank study in 2000 (Quoted by the Economic Survey 2021) revealed a fascinating insight into India's poverty reduction journey during the 1970s-1990s. 🤔 ✅ When GDP growth picked up from a mere 3.5% in the initial years, India could achieve a sustained decline in poverty. 🤑 The study found that a staggering 87% of the cumulative decline in poverty was attributed to the rise in the growth of mean consumption, while redistribution contributed to only 13%. 💡 This begs the question: should the focus be on driving robust economic growth or prioritizing wealth redistribution? 🗣️ Congress leader Rahul Gandhi has now vowed to conduct a survey to redistribute the wealth of Indians. 🤔 What are your thoughts on this complex issue? 🤔 Let's discuss and unpack the nuances together! https://lnkd.in/guiqjUr5 echap04_vol1.pdf (indiabudget.gov.in) #UPSC #GSPaper3 #WorldBank #PovertyReduction #EconomicGrowth #InclusiveDevelopment #Rahulgandhi

With rapid usage of AI automation in egovernance space, we can ensure faster and transparent access of welfare schemes to remaining 21% of people while ensuring inclusion of the rest as we still have challanges in accessing services and schemes run by Central and State Government

Recent data does show improvements for the extremely poor, and increased spending on non-food items both in rural and urban sectors under the current government points towards positive change. However, despite what reports may indicate, even if only 5% of the population, especially in rural areas, still struggle to meet basic needs, it is an area of concern. The poverty line, defined as a person spending ₹47 per day in urban settings or 32 in rural areas, signifies where the improvement is needed this suggest what you see in video is still true for some of the population in India. We are at the beginning of 'Amrit Kaal', the next 25 years leading to India's 100th year of independence, and there is a long path ahead of us. I remain hopeful about India's future and the prosperity of its people. I would like to ask everyone to focus on the overarching message in my video rather than dwelling on narrow and pessimistic interpretations. Furthermore, I would like to emphasize that my intention is not to criticize any particular political party or leader. My focus is on promoting a positive mindset and encouraging individuals to be grateful for what they have and kind towards others. I understand that poverty is a complex issue with various factors contributing to it, and I am in no way trying to simplify or downplay its impact on individuals and communities. I believe that as a society, it is important for us to come together and work towards uplifting the less fortunate and creating equal opportunities for all. This can only be achieved through collaboration and understanding, rather than divisive debates or blaming one another.