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Describe poverty trends in India since 1973?

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asked Jan 13, 2018 in Economics by Ankit Agarwal (28,847 points) ● 7 ● 31 ● 67

Describe poverty trends in India since 1973?

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answered Jan 13, 2018 by Ankit Agarwal (28,847 points) ● 7 ● 31 ● 67
 
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The percentage of poor people has declined from 54.9% in 1973 to 26.1% in 2001. This shows a significant decline. However, the absolute number of poor has remained more or less static at 320 million. Recently it has declined to 260 million.

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