Poverty in India
ICSE · Class 11 · Economics
Complete topic list for Poverty in India in ICSE Class 11 Economics. Key concepts, sub-topics, and what to focus on for board exams.
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Topics in Poverty in India
1. Meaning of Poverty and Poverty Line
- Poverty in India is a situation in which an individual fails to earn income sufficient to buy minimum needs of subsistence.
- Minimum needs of subsistence include a reasonable nutritional diet, minimum clothing, housing, health facilities, clean water, and education.
- Poverty is not only lack of income, but also lack of access to basic necessities.
2. Types and Classification of Poor People
- People are divided into poor and non-poor, but there are different types within each group.
- Chronic or structural poor include always poor and usually poor.
- Transient or temporarily poor include churning poor and occasionally poor.
3. Vicious Circle of Poverty
- Nurkse explained poverty through the idea of the vicious circle of poverty.
- A country is poor because it is poor. Poverty causes poverty to continue.
- The vicious circle is a self-reinforcing process.
4. Estimates and Trends of Poverty in India
- Official poverty data is made available by the Planning Commission.
- Poverty estimates are based on consumption expenditure data collected by NSSO.
- NSSO conducts surveys every 5 years.
Key Concepts
Central concept: Poverty in India
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