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The nine important measures which should be taken to reduce poverty in India are as follows: Accelerating Economic Growth 2.
Agricultural Growth and Poverty Alleviation 3.
Speedy Development of Infrastructure 4. Accelerating Human Resource Development 5. Growth of Non-Farm Employment 6. Access to Assets 7. Access to Credit 8.
Direct Attack on Poverty: Special Employment Schemes for the Poor.
In the fifties and sixties it was generally thought that poverty in India can be significantly reduced by accelerating economic growth. According to this view, benefits of economic growth will trickle down to the poor in the form of more employment opportunities, greater productivity and higher wages.
With this it was expected that the poor will be raised above the poverty line. For this purpose they suggested for increasing the rate of capital formation so as to generate more employment opportunities and increase productivity of labour. Though this is correct that higher rate of capital formation is necessary for accelerating economic growth and thereby for solving the problem of poverty, but this will not generate sufficient employment opportunities if labour — saving capital-intensive techniques of production are used in the process of growth.
This has been clearly brought out by the actual experience in India in the eighties and nineties whereas in the two decades of development, rate of growth in GDP achieved is in the range of 5.
Therefore, while efforts should be made to accelerate economic growth but if it has to make a significant dent on the problem of poverty the use of capital-intensive technologies imported from the Western Countries should be avoided. In fact, we should pursuer labour-intensive path of economic growth.
Such monetary and fiscal policies should be adopted that provide incentives for using labour-intensive techniques. Agricultural Growth and Poverty Alleviation: Agricultural growth has been recognized as an important factor that contributes to marked reduction in poverty.
A study made by Montek Ahuluwalia, former member of Planning Commission, brought clearly that agricultural growth and poverty are inversely related; the higher agricultural growth leads to lower poverty ratio. The growth in agricultural output in these states propelled by the adoption of new-high yielding technology caused a marked reduction in poverty in these states.
Rural poverty ratio in Punjab and Haryana was 6. Therefore, other states have been urged to follow the path of Punjab and Haryana for reduction of rural poverty. By land augmenting innovations he means the new high-yielding technology represented by green revolution that occurred first in Punjab and Haryana.
However, in the recent years relationship between agricultural growth and poverty reduction seems to have weakened. For example, at all India level, employment elasticity of growth in agricultural output has been found to be zero during whereas it was 0.
It appears that at the all India level employment generated by new green revolution technology has been cancelled out by increasing mechanisation of agricultural operations in various parts of a country.
Thus, even in the light of the finding of zero employment elasticity of agricultural output at the all India level, positive impact of agricultural growth on the incomes of small farmers and, more particularly on the wage income of agricultural labourors, cannot be denied.
To ensure marked decline in rural poverty through agricultural growth, rate of agricultural growth should be accelerated by increasing public investment in irrigation and other infrastructure.The nine important measures which should be taken to reduce poverty in India are as follows: 1.
Accelerating Economic Growth 2. Agricultural Growth and Poverty Alleviation 3. Speedy Development of Infrastructure 4. Accelerating Human Resource Development 5. Growth of Non-Farm Employment 6. Access to Assets 7. Access to Credit 8.
Poverty is rampant with 79 percent of the residents considered poor, and 48 percent classified as living in “extreme poverty”. Educational levels are low, with 30 percent . How can a government reduce poverty? Update Cancel.
ad by Yale School of Management. to super poor without any string attached or condition without any middle man or rules regulation thus eliminating two extreme end.
OR. What are some of the steps Government of India should take to reduce poverty? When the government invests in jobs and policies to increase workers’ wages and families’ economic security, children and families see improved outcomes in both the short and long term.
Here are 10 steps Congress can take to cut poverty, boost economic security, and expand the middle class. The targets to reduce income poverty in Canada’s Poverty Reduction Strategy take an important step toward the first UN Sustainable Development Goal addressed to ending poverty, but progress will fall short without all Canadian governments—not just the federal, but also provincial, and municipal.
Here are 10 steps Congress can take to cut poverty, boost economic security, and expand the middle class. 1. Create jobs. The best pathway out of poverty is a well-paying job.