Short Speech on Poverty in India
For an understanding of the problem of poverty and its solution, one should first be clear about the concept of poverty itself. This will also help us in measuring the magnitude of poverty in the country.There are two types of poverty absolute poverty and relative poverty. Absolute poverty refers to inability of a section of population to achieve basic necessities of life. Relative poverty, on the other hand, refers to inequality in distribution of income and expenditure. ADVERTISEMENTS: Absolute Poverty: In India the concept of poverty has been approached in the absolute sense. In other words, it is not related to the income or consumption expenditure distribution. The concept of absolute poverty is relevant for the less-developed countries where absolute poverty abounds. To measure it, absolute norms for living are…