Economic growth is the major solution that helps to reduce poverty and inequality in India. The nation has the scope to benefit the poor through economic growth with welfare and development programs. During 2020-21, spending on the social sector is 8.8% of GDP. Both economic growth and inequality have nearly a relationship when considering the socio-economic factors. But in wealthy nations, these are not in a similar ratio; hence, we need to find different solutions to eradicate poverty or inequality because the increased GDP rate may not impact people's lives.
The relationship between poverty eradication and economic growth is that India has a vast scope for poverty reduction and inequality with several economic development activities. After the situations of Covid-19, these questions are rising continuously. The stages of development greatly impact the eradication of poverty; hence, India must focus on economic improvement to abolish the people from poverty.
The government is increasing its spending on the social sector due to the effect of Covid-19. The government's social expenditure costs for health and education in 2014-15 are 6.2%, increasing to 8.8%. Coming to education, these expenditures are 2.8% during 2014-15 and increased to 3.5% in 2020-21, and 1.2% to 1.5% for healthcare.
Education is the seed for any development, and there is a need to increase the education expenditure by 6% of the GDP to achieve better outcomes for the people and nation. Apart from that health expenditure also should be increased.
Roots of Poverty:
Health, income, and education are the great pillars to build the economy of a nation. Most of the schools were closed during the pandemic due to the induced restrictions. Online teaching became the only source of running the school and teaching the students. To access the online training classes, the students need a laptop, smartphone, or computer. Only 32.5% of children are continuing their education through online classes during October 2020. 11% only listen to live classes, whereas the remaining 21.5% use either recorded or video classes.
ISFH Education Mission has identified the importance of child education to enhance economic growth and develop the nation's people. The underprivileged don't have the resources and facilities to give quality education to their children. These children often don't have the opportunity to get a dignified job, and this repeats continuously to their generations. There is no development or visible growth seen in their lives, and this chronic poverty spreads to huge denominations in India. By considering the nation's development, we need to defeat poverty in India. There are multiple causes for poverty, such as deprivation of food, clothes, shelter, etc.
ISFH Poverty Eradication Mission:
Poverty is the root cause of all problems in our country. ISFH Foundation operates in 29 states of India to remove poverty from its roots by supporting the education, healthcare, hunger, clothes, and shelter needs of the poor and needy.
ISFH Foundation, derived from India Stands For Humanity. The non-profit lends support based on humanitarian causes and fights against the declined human rights for the poor. Right now, India needs strong support like never before due to the pandemic and post-pandemic effects. We must raise together to remove poverty from India by helping fellow-Indians in the hour of need. Let us support ISFH Poverty Mission to help more underprivileged and deprived.
Currently, we need poverty eradication as a mandatory urge for the survival and development of India.
Illiteracy leads to unemployment and keeps the person in helpless conditions; uneducated or illiterate people can't earn sufficient money for their family's well-being.
They are at the risk of malnutrition, hunger, healthcare access, lack of jobs, etc.
To solace this need, ISFH Foundation provides quality education for poor children by supplying their A to Z needs from KG to their chosen course.Unemployment:If there is no income, people will depend on others, and it will undermine the dignity in their lives.
The nonprofit gives the underprivileged free opportunities to earn sufficient income to protect their families alongside offering a stable career path for a lifetime.Income Inequality:To realize the business dreams, the impoverished don't have money, resources, selling support, etc.
To fulfill the small business owners or new entrepreneurs' needs, ISFH Foundation initiated an income inequality mission, where the poor business owners can make some money and lead a happy life by growing their business.
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The new Education Policy is announced and brings major changes from school to college level.
Multidisciplinary, skill-based education will define the next journey of education in India.
West Bengal University of Animal and Fishery Sciences is one of the best public state veterinary universities located in India.
Therefore, established in 1893 university has the aim of spreading education especially higher education.
Hence, it imparts education and training in veterinary and animal sciences, dairy sciences, and fishery sciences Read more at - https://www.cheggindia.com/university/west-bengal-university-of-animal-and-fishery-sciences-wbuafs-kolkata-10899/
