write a short note on poverty estimates in india.
Dear student,
Please find below the solution to the asked query.- There was substantial decline in poverty ration in India from 55 % in 1973 to 36 % in 1993.
- The proportion of people below poverty further came down to 26 %. But the number of poor people remained about 320 million due to abrupt rise in population in India between 1973 -1974 to 1993-94.
- According to recent data released by planning commission .In the urban areas poverty has been estimated to 13.7 % and in rural areas the poverty rate is 25.7%.
- In urban areas poverty decreased at high rate as compared to rural areas.this is due to better infrastructure and industrialization in urban areas.
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