India has always been a poverty stricken country. We’ve never really had a high Nation Income or PCY. Our standards of living have ever since become poor. Is there any diametric reason behind this?
My interest in economics takes to me to a few facts now. Unemployment being the major major reason. Today people of India have a big problem in employing themselves in decent jobs. The population has been increasing on such an alarming rate that the jobs we currently have now is not sufficient for all the people living in this country. This way, people are look for jobs in informal sectors. Informal sectors are inconsistent, their jobs offer no guarantee of decent standards or a steady income. People are even further pushed into shackles of poverty.
Somehow, the poor people are the ones who bear more children as they are uneducated. And they are further driven into deeper poverty because of the burden of a large family. And moreover, the taxes that the government puts on almost everything only makes things worse.
We do know that India has become a lot better than it was before and is one of the fastest growing economies of the world. But it truly will be a better place only when we don’t see those beggars lying down on streets anymore. Every tiny step makes a difference!
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