What are the factors that contributed to the decrease in poverty in India
Over 24.8 crore people moved out of poverty in India in nine years: NITI report
Several factors contributed to the decrease in poverty in India, resulting in over 24.8 crore people moving out of poverty in the span of nine years. These factors include:
- Economic growth: India experienced steady economic growth during this period, which led to an overall increase in household incomes. This growth was driven by various sectors such as industries, services, and agriculture.
- Government policies and programs: The government implemented several poverty alleviation schemes like the National Rural Employment Guarantee Scheme, Swachh Bharat Mission, Pradhan Mantri Awas Yojana, and direct benefit transfer programs. These initiatives aimed to provide employment opportunities, improve sanitation and housing conditions, and provide financial assistance to the vulnerable population.
- Investment in infrastructure: Infrastructure development enhances connectivity, creates employment, and stimulates economic growth. Investments in roads, railways, electricity, and telecommunications improved accessibility and facilitated trade, generating more income opportunities.
- Education and skill development: Government initiatives to increase access to quality education and skill development programs helped individuals acquire better job opportunities, increase income levels, and escape the grips of poverty.
- Urbanization and migration: The rapid urbanization and migration of people from rural to urban areas created opportunities for employment and income generation, thus contributing to poverty reduction.
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