Meaning of poverty:
Lack of resources to meet necessities like food, clothing, and shelter constitutes poverty. Yet poverty goes far beyond simply not having enough money. According to the World Bank Group, hunger is a defining characteristic of poverty. Absence of shelter is poverty.
Types of Poverty:
When a household’s income falls below a given threshold, absolute poverty results. Due to this, it is impossible for the individual or family to meet their fundamental needs, such as those for food, shelter, safe drinking water, healthcare, and other necessities of life.
When someone cannot afford to actively engage in society and gain from the experiences and activities that most others take for granted, they are said to be living in relative poverty. It is typically described as 40, 50, or 60% of the median disposable income for the country.
When a person’s or family’s income and support are reduced because of a specific change. job loss, divorce, death, etc.it can have a domino effect, but families in situational poverty typically maintain hope because they understand that this is only a temporary setback.
Families that have been impoverished for at least two generations are said to be living in generational poverty. It can have an impact on a person’s physical, social, emotional, and mental well-being.
Urban poverty is the term used to describe a group of economic and social issues that are present in industrialised cities and are brought on by a number of processes, including the development of comfortable living standards, the rise of individualism, social fragmentation processes, and the dualization of the labour force.
Rural poverty is defined as poverty in rural areas, including the social, economic, and political aspects that contribute to such poor.
Poverty in India:
Poverty refers to a situation in which a person remain underprivileged from the basic necessities of life. In addition, the person does not have an inadequate supply of food, shelter, and clothes. In India, most of the people who are suffering from poverty cannot afford to pay for a single meal a day. Also, they sleep on the roadside; wear dirty old clothes. In addition, they do not get proper healthy and nutritious food, neither medicine nor any other necessary thing.
Main causes of poverty in India:
1.Increse the rate of population.
3.Increasing the price of goods.
4.Reducing the productivity in Agriculture.
5. A quick rate of economic growth.
6.Income distribution that is not equal.
7.Provision for minimum requirement of poor.
Reduce poverty in India:
1.Speed of human resource developement.
2.Income distribution is equal.
3.Improving the economic growth.
4.Eliminating poverty through equity.
5.Education is one of the major source to reduce poverty.
6.Ensure Basic health care to the people.
These are some of the points to control poverty in India.
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