How To Create The Best Career Opportunities To Minimize Poverty? Poverty Trends In India Since 1993.

Employment in India

The employment rate is defined as the percentage of people who are employed in the economy. India has been ranked at number two in terms of employment rates in the world. In 2022, the country had an average employment rate of 37.07%. This means that out of 100 people who are employed, 73 were actively working.

How to create best careers opportunities to minimize poverty?

1. Education

Education is the first step towards creating better jobs and improving your life. If you have access to education, then you can get a job that pays well. You should always strive to improve yourself through education. This way, you can make a positive impact on society.

2. Entrepreneurship

If you want to start a business, you need to do research about the market and competition. You should learn how to manage money and time effectively. These skills are necessary for any entrepreneur.

3. Innovation

Innovation is the ability to come up with something new and useful. In order to innovate, you need to think outside the box. You should challenge the status and try to find ways to improve things.

4. Employment Services

Employment services provide information on what types of jobs are available and where to find them. These services also tell people if they qualify for certain programs like food stamps and housing assistance. Employers use these services to find qualified employees.

Poverty in India

poverty in India
How To Create The Best Career Opportunities To Minimize Poverty? Poverty Trends In India Since 1993. 3

India’s economy is the fourth largest in the world, by nominal GDP. However, this figure does not reflect the true economic position of India, as its GDP per capita is among the lowest in the world. This is mainly due to the fact that over 80% of the population lives in rural areas, and therefore relies on agriculture as their primary occupation. Although poverty in India has decreased significantly in recent decades, many people continue to live below the poverty line.

Poverty trends in India since 1973

In India, poverty has been decreasing over the last few decades. In fact, the proportion of people living in poverty has decreased from around 54.9 percent in 1973 to less than 15 percent today. This decline has been driven primarily by economic reforms that have increased access to education, health care, and employment opportunities. However, despite these gains, millions of Indians still live in extreme poverty.

 According to the World Bank’s 2017 Doing Business report, India ranks among the top 10 improvers in terms of ease of doing business. The country has improved its ranking from 142nd place in 2014 to 63rd place in 2022. These improvements are largely due to the implementation of the Goods and Services Tax (GST) and other tax reforms.

Despite this progress, India remains one of the poorest countries in the world. About half of the population lives on less than $2 per day. Moreover, many households lack basic amenities like clean water, sanitation facilities, electricity, and healthcare. 

Also Know: What is jobless growth? Jobless Growth in India

The government of India has taken several steps to address poverty – 

  1. One example is the National Rural Employment Guarantee Act, which guarantees 100 days of paid work to rural workers. Another example is the Mahatma Gandhi National Rural Employment Guarantee Scheme, which provides financial assistance to poor farmers.
  2. The Indian government has also launched various programs to improve the quality of life for the poor. One example is the Janani Suraksha Yojana, which provides free maternity services to pregnant women. 
  3. Another example is the Pradhan Mantri Awas Yojana, which aims to provide housing to slum dwellers.

Overall, poverty in India continues to decrease. However, there is still much room for improvement. As long as the gap between rich and poor continues to widen, India will not achieve its goal of reducing poverty by 2032.

Ruchi Rana
Author: Ruchi Rana

Careers, development, Work