But outdated farming practices, lack of proper irrigation infrastructure and even lack of formal knowledge of crop handling has affected the productivity in this sector tremendously.As a consequence there is redundancy and sometimes complete lack of work leading to decreased wages that is insufficient for meeting daily needs of a labourer’s family plunging them into poverty. Unequal distribution of assets – with the economy changing directions rapidly, the earning structure evolves differently in different economic income groups.
As a result, the issue is not addressed in its entirety leaving much scope of improvements. Climatic – maximum portion of India experiences a tropical climate throughout the year that is not conducive to hard manual labour leading to lowering of productivity and the wages suffer consequently.Current statistics state that over half the populations in the world, about 3 billion people, are forced to live on less than 2.5 dollars per day. This data is currently being accepted as the poverty threshold of the country.In India, as per 2014 government reports, monthly per capita consumption expenditure is Rs. As of 2015, 21.9% of the total population lives below the national poverty threshold, as per the data of Asian Development Bank, that’s a whopping 269.7 million individuals not having enough money. Demographic – the main factor that contributes to poverty-ridden state of the country from a demographical point of view is the problem of over population.Upper and middle income groups see a faster increase in earnings than lower income groups.Also assets like land, cattle as well as realty are distributed disproportionately among the population with certain people owning majority shares than other sectors of the society and their profits from these assets are also unequally distributed.The problem of malnutrition is widespread in all age-groups of the country but children are most adversely affected by this.Limited income in larger families leads to lack of access to sufficient nutritious food for their children.81) as a response to the changes in the cost of living across the world as per current economy.The organization estimates that – “Just over 900 million people globally lived under this line in 2012 (based on the latest available data), and we project that in 2015, just over 700 million are living in extreme poverty.” Poverty is a worldwide cause of concern even in economically stable countries like the USA.“Poverty is humiliation, the sense of being dependent on them, and of being forced to accept rudeness, insults, and indifference when we seek help.” —Latvia 1998 In the simplest term, poverty may be defined as a social condition where individuals do not have financial means to meet the most basic standards of life that is acceptable by the society.Individuals experiencing poverty do not have the means to pay for basic needs of daily life like food, clothes and shelter.