Amidst the pandemic the incidence of poverty has been increasing in the country due to various factors. Do you agree with this view? Examine (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
Abdul hakkim 3 years
Please review mam/sir
Thanks
IAS Parliament 3 years
Good attempt. Keep Writing.
IAS Parliament 3 years
KEY POINTS
· The economy has been slowing for nine quarters prior to the outbreak of the novel coronavirus pandemic.
· Unemployment had reached a 45-year high in 2017-18, as revealed by NSO’s Periodic Labour Force Survey (PLFS).
· It helps estimate the incidence of poverty, as well as the total number of persons below poverty.
· First time in India’s history of estimating poverty, there is a rise in the incidence of poverty since 2011-12.
· Since the majority of India’s population (certainly over 65%) is rural, poverty in India is also predominantly rural.
· By 2019-20, poverty had increased significantly in both the rural and urban areas, but much more so in rural areas (from 25% to 30%).
The contributory factors
· Demonetisation followed by Goods and Services Tax made difficult for unorganised sector and Micro, Small and Medium Enterprises to adapt to the reform.
· Private investment fell from 31% to 28% of GDP by 2019-20.
· Exports, which had never fallen in absolute dollar terms for a quarter century since 1991, actually fell below the 2013-14 level ($315 billion) for five years. Consumption stagnated and household savings rates fell.
· Joblessness increased to a 45-year high by 2017-18 (by the usual status), and youth (15-29 years of age) saw unemployment triple from 6% to 18% between 2012 and 2018.
· Real wages did not increase for casual or regular workers over the same period.
Sandy Singh 3 years
Pls review
IAS Parliament 3 years
Good attempt. Keep Writing.
Nishant Kumar 3 years
Please review it
IAS Parliament 3 years
Try to include about contributory factors. Keep Writing.
