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Thursday, March 22, 2012

Definition dilemma for Indian Poverty


The poverty count parameters don’t counts education, unemployment and health the nature of poverty is human but in India it is just a statistics. People and organizations working on the ground level in India, and elsewhere, can testify to what defines poverty. 

Statistics are important because they give the public perspective and they frame an issue neatly. But poverty is far from systematic because it is dynamic. If it was, an absolute solution would have been invented a long time ago.

The basic need for the India is to make a proper and productive attack on the building blocks of the poverty like education, unemployment, agriculture infrastructure, health facility to tame the poverty which is beyond the definition.

India is losing its fiscal discipline because some irrational policy measure additional particularly subsidizing the people who can afford it is the prime bump in the policy, sluggish capital expenditure irrational interest rate delaying in execution of projects increasing unemployment deteriorating living standards are the real block where Indian poverty stands.

There is no holy grail but good governance and concentrated policy measure can contribute to arrest spreading poverty in India.  



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