This document discusses the relationship between poverty and economic development in India. It defines poverty as lacking the means to satisfy basic needs. While poverty is declining in India, with extreme poverty reducing from 22.5% in 2011 to 10.2% in 2019, India still has the largest number of poor people worldwide at 228.9 million. Economic development aims to improve economic well-being and quality of life through market productivity and welfare. There is a clear connection between economic growth and reduced poverty, as growth creates more jobs and raises incomes. Examples of Singapore and Rwanda show how reducing poverty and boosting growth go hand-in-hand.

1. RELATIONSHIP BETWEEN POVERTY
AND ECONOMIC DEVELOPMENT
BY- PIYUSH YADAV

2. CONTENT
• What is poverty
• Poverty in different states of India
• Causes of poverty
• Steps to reduce poverty
• Economic development and poverty
• conclusion

3. WHATIS POVERTY?
• Poverty is said to exist when people lack the means to satisfy their
basic needs.
• The identification of poor people first requires a determination of
what constitutes basic needs. These may be defined as narrowly as
“those necessary for survival” or as broadly as “those reflecting the
prevailing standard of living in the community.”
• The first criterion would cover only those people near the borderline
of starvation or death from exposure; the second would extend to
people whose nutrition, housing, and clothing, though adequate to
preserve life, do not measure up to those of the population as a
whole.

4. POVERTY IN INDIA
• The incidence of poverty in India is a matter of key
concern.
• The Multidimensional Poverty Index (MPI) report by
UNDP says that based on 2020 population data for
India, it has by far the largest number of poor people
worldwide (228.9 million).
• Poverty is on the decline in India, According to World
Bank, extreme poverty has reduced by 12.3% between
2011 and 2019 from 22.5% in 2011 to 10.2% in 2019.
• In 2019, The poverty level in rural and urban areas was
14.7 and 7.9 percentage points respectively according to
the world bank.

5. ECONOMICDEVELOPMENT
• Economic Development is programs, policies,
or activities that seek to improve the
economic well-being and quality of life for a
community.
• Although the term is sometimes used as a
synonym for economic growth.
• It combines market productivity with the
welfare principles of a nation or a state.
• Basic infrastructures including better
healthcare and education facilities as well as
transportation affect economic development.

6. ECONOMIC DEVELOPMENTAND POVERTY
• There is a clear connection between economic growth and poverty.
• A high-poverty area typically has low literacy rates, high crime rates, poor
infrastructure, and subpar education for young people.
• While places with fewer poor people tend to have higher rates of literacy, lower
crime rates, greater employment prospects, better infrastructure, better
healthcare, and better-educated young people.
• More employment opportunities are produced by economic growth, which raises
per capita income and helps lift people out of poverty.

7. EXAMPLESOF GOODECONOMICDEVELOPMENT MODEL
• Singapore is one of the most
economically advanced nations.
Following independence, the nation
made great progress in decreasing
poverty and boosting economic growth.
• In Another country i.e. Rwanda Poverty
has reduced by 19.8% while extreme
poverty has reduced by 23.7% between
2001 and 2015.