Irma Suffern- Blog Poverty in India

Analysis:

            India has one of the largest populations in Asia. It ranks third in population size, after China and Japan. Their population has just grown 4.5 percent in the 2021/2013 fiscal year and this was less than the prior fiscal year where their population experienced a growth percentage of 6.7. Recent reports state that India’s people lack the means to obtain basic needs. India is seen as most vulnerable in its current state. It has been suggested that India can overcome their hardships by applying and executing reforms that enhance job creation, apart from farming, and increase productivity in agriculture.

Response:

            With numbers as high as 6.7 growth percentage India can hardly afford to not keep afloat economically. With propositions made it could only help them to seek guidance from allies or spectators looking in with great and new ideas. India is hurting pretty bad with constant economic growth hits and high inflation, there is little room for economic growth and prosperity. It seems evident that India has the means to make for better economic lives, it is just a matter of them executing those means in a logical and effortful manner. If India can take heed to other countries surrounding them, in Asia, and their methods implemented they can take flight. India needs to branch off from just farming their land using that land in the most effective and beneficial way. Farming and agriculture is important to India’s economic prosperity, however they need to work out the kinks and broaden the job options they have available.

Feb 20, 2014, 03.52 PM

What India needs to do to stamp out poverty

http://www.moneycontrol.com/news/economy/what-india-needs-to-do-to-stamp-out-poverty_1046264.html