02-19-2006, 02:48 AM
The growth of the Indian economy has been quite good during the last few years. Today, India is much talked about in the world capitals as one of the fastest growing economies in the world. The quantum of Foreign Direct Investment has also increased steadily over the years. So is the came with the growth of Indian exports and the presence of the service sector is also noticeable in all the USA as well as in the EU.
Therefore, the normal expectation should have been that the poverty level amongst the poor people of India must have got drastically reduced. However , that has not been possible and a sizable section of the general population continues to be below the poverty line. India continues to be the home for the largest number of under nourished children..
The main reason has been that the fruits of Indiaâs economic development has not reached the masses in the extent it should had been due to a variety of reasons. Let us hope that this yearâs budget will prove more funds to improve the basic infrastructure like health and education facilities for the rural poor and housing for the urban slum dwellers.
Therefore, the normal expectation should have been that the poverty level amongst the poor people of India must have got drastically reduced. However , that has not been possible and a sizable section of the general population continues to be below the poverty line. India continues to be the home for the largest number of under nourished children..
The main reason has been that the fruits of Indiaâs economic development has not reached the masses in the extent it should had been due to a variety of reasons. Let us hope that this yearâs budget will prove more funds to improve the basic infrastructure like health and education facilities for the rural poor and housing for the urban slum dwellers.