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Inclusive Growth and Development in India pp Cite as. Can democracy resolve poverty and inequality in a severely poverty-ridden society? Poverty and inequality are theoretically different concepts; inequality can exist among wealthy sections of the population and poverty can prevail in an egalitarian society. However, in most cases, poverty and inequality overlap each other. Economic development has been considered the key to solving poverty and inequality, although it does not necessarily solve these two problems directly.
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Poverty in India

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Poverty and Inequality under Democratic Competition | SpringerLink

Poverty reduction , or poverty alleviation , is a set of measures, both economic and humanitarian , that are intended to permanently lift people out of poverty. Measures, like those promoted by Henry George in his economics classic Progress and Poverty , are those that raise, or are intended to raise, ways of enabling the poor to create wealth for themselves as a means of ending poverty forever. In modern times, various economists within the Georgism movement propose measures like the land value tax to enhance access to the natural world for all. Poverty occurs in both developing countries and developed countries. While poverty is much more widespread in developing countries, both types of countries undertake poverty reduction measures.
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Poverty and Inequality under Democratic Competition

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Being one of the fastest-growing economies in the world, poverty has been on a decline with close to 44 Indians escaping extreme poverty every minute, as per the World Poverty Clock. India has been able to lift significant percentage of its population out of poverty but many still live in it. The World Bank reviewed and proposed revisions on May to its poverty calculation methodology and purchasing power parity basis for measuring poverty worldwide. As of , the incidence of multidimensional poverty has almost halved between —06 and —16, climbing down to The different definitions and different underlying small sample surveys used to determine poverty in India, have resulted in widely different estimates of poverty from s to s.
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