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In India's Agriculture Problem: Lack of Access to Credit is one of the most pressing issues that hinder India’s rural population from progress. It means the lack of access to credit by a farmer. Farmer ’s suicide within the agricultural sector does not occur as a shocking matter as the farmers are deprived of monetary assistance when they ...
India's proposed but not yet adopted official poverty line, in 2014, was ₹ 972 (US$11) a month in rural areas or ₹ 1,407 (US$16) a month in cities. The current poverty line is 1,059.42 Indian Rupees (62 PPP USD) per month in rural areas and 1,286 Indian rupees (75 PPP USD) per month in urban areas. [65]
Farmers in India. Agrarian distress refers to the economic, political, and social challenges faced by farmers and rural communities due to factors such as low crop yields, fluctuating prices of agricultural produce, high input costs, indebtedness, and lack of access to credit, markets, and infrastructure.
The standard of living in India varies from state to state. In 2021, extreme poverty was reduced to 0.8% [1] and India is no longer the nation with the largest population living in poverty. [2] There is significant income inequality within India, as it is simultaneously home to some of the world's richest people. [3]
In India, there are still many people living in rural areas. [7] Furthermore, There are approximately 90% of employees are residents who work in an assigned area in the countryside and aim to increase the local economy. The purpose of increasing in rural economy is to make fewer people living under the poverty line. [7]
India is self-sufficient in the production of food such as food grains [a] including wheat and rice; and other categories such as fruits, vegetables, milk and meat among others. Yet, despite this, nutrition and hunger remain a serious challenge in the country. [76] [77] In 2021, India ranked 101 out of 116 countries in the Global Hunger Index. [78]
Rural women are particularly disadvantaged, both as poor and as women. [28] Women in both rural and urban areas face a higher risk of poverty and more limited economic opportunities than their male counterparts. [29] The number of rural women living in extreme poverty rose by about 50 percent over the past twenty years. [28]
This is a list of states and union territories of India ranked according to poverty as of 2022 (2021–22) as hosted by NITI Aayog's Sustainable Development Goals dashboard; and Reserve Bank of India's 'Handbook of Statistics on Indian Economy'.