India has a large number of poor people. According to estimates, around 80% people of this country live on daily income of less than Rs. 100. There are various historical, social and economic causes of poverty in the country.
We discuss below some major causes of poverty in India:
Historical reasons: India has been land of poor people since hundreds of years after foreign invaders started to loot the country. First Muslims and then British invaders made sure to take all its wealth away from the country. Historically India was divided into hundreds of small kingdoms, where one man, the king, lived a rich life while the rest of people remained poor and backward.
Economic reasons: India started the policy of open economy quite late in the year 1990. Before that the state controlled economic output and all kind sectors and their products. This ensured that there were not many jobs in the country and there were a huge number of unemployed people in the country.
Fatalism: Indians have been religious people, who believed in fate and destiny. Most of people are fatalist and don’t believe that they can change their life by hard work. This is a reason why many Indians don’t work hard to change their life and take themselves out of poverty.
Marriage: This reason sounds odd, though it’s true. The majority of Indians spend more money that they can afford on wedding ceremonies. It is common to see people take a large amount of loan to fund unproductive expense on marriage. Several people get trapped in poverty once they spend too much in a wedding ceremony.
Lack of health facilities: Lack of proper health facilities in large parts of the nation results in death due to fatal diseases. Once the bread-earner of a family is dead the entire family gets into the trap of poverty.
Population growth: Even though the economic progress has helped many people get out of poverty, some people are not able to raise their living standards as they have large families to feed. Lack of knowledge about family planning also contributes to population growth in the country.
|GET INSTANT LOAN, INSURANCE AND CREDIT CARDS|
Services from leading banks