Describe poverty trends in India since 1973.
Poverty trends in India since 1973:
After analyzing the above table, it is clear that poverty has been on the downward curve over the last few decades. The percentage of poor has declined drastically from 45 in 1993-94 to 22 in 2011-12. The poverty level calculation methodology has also been revised over these years.
The percentage of urban poor has declined faster than that of the rural areas. This can be attributed to the fact that there are more availability of economic activities in urban areas than the rural areas.