WHAT EXACTLY POVERTY IS ?
Poverty is state of extreme deprivation where people lack basic necessities in life like food, clothes and shelter. The social issues include a caste system that causes inequity among the citizens of India. The term poverty refers to the state or condition in which people or communities lack the financial resources and other essentials for a minimum standard of living.
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CAUSES OF POVERTY
. Lack of Education
. Inequality in the Distribution of Income and Assets
. Lack of Jobs
. Economic Inequality
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STATUS OF POVERTY
Despite having suffered from chronic poverty for much of its modern history, India has made much progress in raising its poorest over the past few decades. One of the key drivers of poverty in India is inequality. Despite being home to some of the wealthiest people globally, India also has a large population living below the poverty line.
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IMPACTS OF POVERTY
. A high rate of infant death
. Increased government spending
. Lack of Adequate Housing and Sanitation
. Limited Property Rights
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