Open your eyes

Developing India or Developing Poverty ?

Contribution from Political Class :

( The Vision ! ~ if only it was attainable through their words… )

  • Nehru (PM, 1947 – 1964) in his “tryst with destiny” speech qot’d “The service of India means the service of the millions who suffer. It means the ending of poverty and ignorance and disease and inequality of opportunity.”
  • Indira Gandhi ….. Rajiv GandhiGaribi Hatao (1960s – 1991) ~ Uproot Poverty
  • Manmohan Singh … 2004 – “My top most priority is to deal with India’s massive social and economic problems, so that chronic poverty, ignorance and disease can be conquered in a reasonably short period of time.”
  • Sonia gandhi (2013) – “…have to pull 7 crore families out of poverty in next 10 years”

Interesting Facts (Source: Wikipedia)

In 1947, the average annual income in India was US$619, compared with US$439 for China.

By 1999, the numbers were US$1,818 IndiaUS$3,259 China

2012, India US$3,876(rank 135 from lowest) , China US$ 9,233, Sri Lanka US$ 6,247, Pakistan US$ 2,891(rank 126 from lowest)

( only 8 countries lie between india and pakistan ! )

The real eyeopeners that remain unseen :

<<2001>>

Analysts such as the founder of Forecasting International, Marvin J. Cetron writes that an estimated 300 million Indians now belong to the middle class; one-third of them have emerged from poverty in the last ten years. However, this has to be seen in perspective as the population of India has increased by 370 million from 1991 and 190 million from 2001 so the absolute number of poor has increased.

<<2006>>

As of 2006, the government spends less than 0.2% of GDP on agriculture and less than 3% of GDP on education.

Those who have taken their lives were deep in debt – peasant households in debt doubled in the first decade of the neoliberal “economic reforms,” from 26 per cent of farm households to 48.6 per cent. Meanwhile, all along, India kept reducing investment in agriculture (standard neoliberal procedure). Life was being made more and more impossible for small farmers.

However, some government schemes such as the mid-day meal scheme, and the NREGA have been partially successful in providing a lifeline for the rural economy and curbing the further rise of poverty.

<<2007>

In a report by Chetan Ahya , executive director at Morgan Stanley, it is pointed out that there has been a wealth increase of close to US$1 trillion in the time frame of 2003-2007 in the Indian stock market, while only 4%-7% of the Indian population hold any equity.

During the time when public investment in agriculture shrank to 2% of the GDP, the nation suffered the worst agrarian crisis in decades, the same time as India became the nation of second highest number of dollar billionaires.

<<2008>>

A UN Study –  “A 2008 study concluded that the money spent on in-kind transfers in India in a year could lift all India’s poor out of poverty for that year if transferred directly.”

<<2009>>

The effects of the worldwide recession in 2009 have plunged 100 million more Indians into poverty than there were in 2004, increasing the effective poverty rate from 27.5% to 37.2%

<<present>>

Poverty rates in rural Orissa (43%) and rural Bihar (41%) are among the world’s most extreme.

 

References:

http://en.wikipedia.org/wiki/Poverty_in_India

 

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