PIndia poverty rate over the yearsYear Poverty Rate in India (percent) 1977 63.11 1983 56.26 1987 50.59 1993 47.64 2004 39.91 2009 32.87 2011 22.53 2015 18.73 2017 13.37 2018 11.09 2019 12.73 2020 14.72 2021 11.9British economic policy in India1. The legacies of exploitation, unequal land distribution, and social inequalities continue to impact the poverty rate in India.After gaining independence, India continued to face significant challenges in overcoming poverty. Corruption in governance structures is a significant impediment to reducing the poverty rate in India. This results in high levels of unemployment and limited access to essential services, contributing to the high Indian poverty rate. India is now the world’s most populous country Global economic dynamics, including trade imbalances and debt burdens, exacerbate poverty in India.

Source: Forbes December 11, 2023 11:28 UTC