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According to United Nations Development Program, poor people in Indian have been reduced by 271 million. According to report by UNDP, in the decade between 2005-06 to 2015-16 , the Multidimensional Poverty Index (MDI) in India is halved from 54.7 % to 27.5 %.
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Re: Reduced poverty index in India
by Sanjeev Gupta » 4 years ago
I also read the same somewhere. As per the study now income per person has increased than what it was 10 years back. But as per my observation I don't feel it has happened actually.
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Re: Reduced poverty index in India
by arjun sai » 4 years ago
Sanjeev Gupta wrote:
I also read the same somewhere. As per the study now income per person has increased than what it was 10 years back. But as per my observation I don't feel it has happened actually.
Yes even though it is in papers. Even I don't feel it. Private sector employees are burdened with income tax and salary standards are far below international levels whereas government is giving tax rebates to retailers with less than 20 lakh ! In private sector , even your income is 5-6 lakh per year, you are liable to pay income tax. Even the in hand salary is much less because the private companies deduct x,y,z components. If the government does not do anything for private sector it will be a big problem in coming years.
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Re: Reduced poverty index in India
by anil » 4 years ago
With increase of income flow of money is also increase in circulation. More money is market more money inflation. Money is increased but poverty is at previous level in practical.
Thank you said by: arjun sai
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Re: Reduced poverty index in India
by Sheetal Kumar N » 4 years ago
It makes for an interesting discussion. If i have one point to make it is that we are perhaps doing something right but still have a long way to go.
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Re: Reduced poverty index in India
by Sanjeev Gupta » 4 years ago
arjun sai wrote:
Sanjeev Gupta wrote:
I also read the same somewhere. As per the study now income per person has increased than what it was 10 years back. But as per my observation I don't feel it has happened actually.
Yes even though it is in papers. Even I don't feel it. Private sector employees are burdened with income tax and salary standards are far below international levels whereas government is giving tax rebates to retailers with less than 20 lakh ! In private sector , even your income is 5-6 lakh per year, you are liable to pay income tax. Even the in hand salary is much less because the private companies deduct x,y,z components. If the government does not do anything for private sector it will be a big problem in coming years.
Being an employee in pvt sector I know this. Thats why for me poverty has not decreased Still most of us can't manage to buy a home like in the past so how come poverty has reduced.
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Re: Reduced poverty index in India
by anil » 4 years ago
Sanjeev Gupta wrote:
arjun sai wrote:
Sanjeev Gupta wrote:
I also read the same somewhere. As per the study now income per person has increased than what it was 10 years back. But as per my observation I don't feel it has happened actually.
Yes even though it is in papers. Even I don't feel it. Private sector employees are burdened with income tax and salary standards are far below international levels whereas government is giving tax rebates to retailers with less than 20 lakh ! In private sector , even your income is 5-6 lakh per year, you are liable to pay income tax. Even the in hand salary is much less because the private companies deduct x,y,z components. If the government does not do anything for private sector it will be a big problem in coming years.
Being an employee in pvt sector I know this. Thats why for me poverty has not decreased Still most of us can't manage to buy a home like in the past so how come poverty has reduced.
Poverty can be reduced only when production increase. Our market is full with China goods. Here it is trend in country that once price increase it will never come down when factors which are responsible for price increase come down. vegetable etc. is some exception.