The three dimensional attack on poverty adopted by the government has not succeded in poverty alleviation in India. Comment.
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The three dimensional approach of economic growth, employment generation and alleviating poverty could not achieve the desired result. Although there has been a reduction in the percentage of absolute poor in some of the states but still the poor people lack basic amenities, literacy, and nourishment. This is because of:
Unequal distribution of land and other assets among rich and poor farmers.
Improper implementation of poverty alleviation programmes by ill-motivated and inadequately trained bureaucrats further worsened the situation.
Corruption along with the inclination towards interest of elites led to an inefficient and misallocation of scarce resources.
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"Though India has considerably increased its saving and investment rate since independence, yet this is not adequate enough to give such a high rate of growth that is needed to eradicate poverty". What can be done to solve this problem?
Economic planners are of the view that poverty could be eradicated through growth oriented approach. Discuss the measures which will help to bring growth in an economy.