India doubled the pace at which it has been reducing poverty in rural areas in the five years to 2009-10 by moving around 47 million over the so-called poverty line. Interestingly, the five years to 2009-10 also saw India grow the fastest in any five-year period in the past, at an average of 8.7%. In the same period, 5 million people in urban India moved above the poverty line. The numbers...
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Poverty falls, but inequality worsens-Anil Padmanabhan
There are two messages, one good, the other, bad, in the latest poverty numbers released by the government. The good news first. It is obvious that poverty has declined in aggregate terms, both in rural and urban India. At a national level, it has declined by 7.4 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10; rural poverty, over the same period, has declined from 41.8% to 33.8%, and urban...
More »India sees biggest dip in poverty, but 360 mn remain poor-Chetan Chauhan
Rural people have driven India's record decline of 7.4 percentage points in the number of poor since economic reforms were initiated in the early 1990s. The latest poverty estimates by the Planning Commission show that 29.8% or 360 million Indians were poor in 2009-10 as compared to 37.2% or 400 million in 2004-05 — the difference being equal to the population of countries such as Spain, Argentina and Canada. The plan...
More »New trends of killing the girl child-Kavita Kumari
-ANI The U.N. Department of Economic and Social Affairs report indicating that India is not a safe place for the girl child hit the headlines in many newspapers and news channels in the country. Indian society has been known for its preference for the male child. Among the 150 countries surveyed, including countries classified as LDR (Less Developed Regions), India has the highest rate of female child mortality. According to this new data -...
More »Liberal politics of Economic Survey 2011-12 by Richard Mahapatra
The Economic Survey 2011-12 showcases the dividends of economic liberalisation started by the ruling party. But admits: growth is not possible without agriculture During the last financial year there were talks of the Indian economy finally decoupling from agriculture thus monsoon. The Economic Survey of 2011-12 disagrees with that. The survey has re-emphasised that whatever economic growth happened in the last fiscal it was due to agricultural growth. India recorded the...
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