India and Pakistan -- Poverty posing serious threats
INDIA
The world renowned country, India, growing rapidly at more than 9%, member of BRICS block (Brazil, Russia, India, China & South Africa), according to Gold Man Sachs, BRICS will produce about 50% of the total world GDP in 2050. But the main threat to India is Poverty which may hurt the sustainable growth. The Indians living in rural part of the country drives their income from agriculture whereas the urban class mostly dependent on scarce jobs. The poverty is nothing new for India; it has been prevailing since independence. In 2010, 1.35 billion (more than 37%) Indians still lives beneath the poverty line. Data revealed that 22% and 15% of the entire rural and urban population of India facing serious financial and physical problems, respectively. There is a huge gap between different states of India owing to bumpy distribution of resources, as well as health in India. A case in point here, in comparison to Bihar and Orissa, Delhi and Punjab are well settled and have low poverty rate. Where as in former states, the situation is very bad and mostly lives below the poverty line. Further analysis of rural region brings some factors which is making the situation worsen there. It encompass, there dependency on agriculture income which relies on rains and monsoon season. Pathetic irrigation facilities are main impediment in the production and their yield. In some parts, it gives zilch production. Another reasons include, large families, caste system which intensify the already worsen position. The people, who belong to lower caste, are deprived from even basic necessities and opportunities. Several actions have been taken over by the Government of India to reduce poverty, but it results is yet to be seen (Economy Watch, n.d.).
Rising population and migration from rural to urban is the main reason of poverty in urban areas of India. The reason for migration of people to urban cities is the unavailability of basic necessities and jobs.
According to Hindustan times, 2,500 children in India die every day because of malnutrition, mainly caused by Poverty. The petitioner, "Colin Gonsalves" put a petition in the supreme court of India which brought the serious issue of Around 8.8 million children die every year due to malnutrition of the total child deaths of 17.8 la million kh each year. 3,000 children dies each year in India due to malnourishment. In India, each year 2.4 crore children are born out of which 17.8 million die at the age of 5, of which 46% cause by starvation (Chauhan, 2011).
Comparison to UK and U.S., the annual death ratio caused by starvation is more than total five times and one third of newborns, respectively.
PAKISTAN
The poverty is consistently increasing around the globe. As per the latest report released by the World Bank, the ratio of global poverty is on rise and Pakistan is also engulfed in it. The main reasons behind the increasing poverty around the globe is ongoing stubborn financial and banking crises, sky-high inflation, speculation in commodities, high commodity prices which put millions of people into serious trouble. Out of 107 developing countries, 40% are highly open to the poverty. Pakistan's exposure to this risk is high and is among 43 countries which are facing severe problems in the shape of poverty. Mostly people (2/3) live in rural area of the country where the basic necessities is very scarce. Ditto like India, most of them dependent on agriculture and lack basic needs like safe drinking water, primary health care, education and other social services. The combine budget spends on both the sectors Education and Health accounts mere 2%. This shows how incapable the government is. As per World Bank report titled "Sparing Lives," revealed that 37.4% Pakistani's children under the age of five are malnourished owing to poverty. Since independence, Pakistan is trapped with Poverty problem and its increasing with the passage of time. Pakistan's spending on the social sector has decreased dramatically because of high poverty ratio. In 2008, the number of people living below the poverty line, mounted to 664 million compared to 35.5 million people in 2005. Poverty rate has leaped to 37.5% in the last three-year from 23.9%, Pakistan's Planning Commission reported. As a result, the unemployment data got more worsen.
The life style standard is also getting worsen in the country because of less allocation of budget to social sector. Furthermore, 40% of the urban population lives in Slum areas. The reasons for increasing poverty are poor fiscal management by the government of Pakistan,...
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