Every child must have access to quality education as it develops essential skills to earn a living and make informed decisions. An educated individual is more capable of navigating through hard times and contributing to the growth of society in comparison to an individual who never received formal education.
While India is one of the fastest-growing economies in the world, it is also one of the most unequal countries. Inequality has been rising sharply for the last three decades. The richest have cornered a huge part of the wealth created through crony capitalism and inheritance. They are getting richer at a much faster pace while the poor are still struggling to earn a minimum wage and access quality education and healthcare services, which continue to suffer from chronic under-investment. These widening gaps and rising inequalities affect women and children the most.
According to the recent CMIE Report, the unemployment rate in urban areas increased to 10.09% in December from 8.96% the previous month while the rate in rural areas decreased to 7.44% from 7.55%.
According to separate quarterly figures prepared by the state-run National Statistical Office (NSO) and released in November 2022, the unemployment rate decreased to 7.2% in the July-September quarter from 7.6% in the preceding quarter.
India has reached the top list in the extreme poor index in Southeast Asia. From 1900 to 2010, the poverty rate fell from 45% to 14% in southeast Asia. The official stats say that a substantial poverty decline was observed.
Poverty eradication is the foundation for economic growth, and it is the biggest challenge for our nation. Nearly 1.4 billion lives in India, and the average income of the poor is below 140 rupees per day on average, and if we don’t take action now, nothing will happen in the future.
55% of the farm sector contribution in India has done an excellent job during the lockdown. The
deadly Covid-19 lockdown has blown the employability of the people leading to sudden job
losses and reduced the productivity.
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