Poverty in India has evolved from a narrow income-based concept to a multidimensional understanding that includes deprivations in health, education, and living standards. While recent data indicate a sharp decline in extreme poverty due to economic growth and welfare interventions, structural inequalities and vulnerability continue to sustain pockets of deprivation. A combination of inclusive growth, human capital development, and effective governance remains essential for sustainable poverty reduction.
Click to View MoreTrickle-down economics is a theory that suggests benefits given to the rich and businesses—like tax cuts and incentives—will eventually reach the poor through job creation and economic growth. In India, this approach gained importance after the 1991 liberalization, leading to higher GDP but also rising inequality. While economic reforms boosted investment and infrastructure, wealth concentration limited its impact on lower-income groups. To ensure balanced growth, India now focuses on combining market-driven policies with welfare and inclusion measures such as MGNREGA, PM-KISAN, and digital empowerment initiatives.
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