India's Growth vs. Poverty – A Paradoxical (Case Study)

Since 1947 when Indian got independence, the governance focus has been shifted to socio-economic development of the country and various measures have been taken by the government to eradicate poverty. The government had embarked on planned economic development to make use of the resources appropriately to alleviate poverty of the large number of people in the country. The economy was completely shattered by the colonial rule over a period of more than two centuries. The economic policies pursued by the colonial rule were aimed at development of home industry making totally India – a raw material exporting country. The colonial government made no sincere attempt to estimate and improve India’s national and per capita income at institutional level. Though some attempts were made at individual level gave conflicting and inconsistent results. However most studies found that country’s growth of aggregate real output during first half of the twentieth century was less than two per cent coupled with meagre half per cent growth in per capita output per year.