Introduction
The economic reforms started in 1991 ushered in a new era in Indian Economy. From a protected economy it became an open globalised economy which was supposed to be integrated well to the world economy.
Some Macroeconomic Indicators existing at the onset of economic reforms.
Indicators Particulars
Population BPL 36.8%
Per Capita Income growth 3.3%
GDP Growth Rate 5%
The Planning Commission estimates the population below the poverty line using the expenditure distribution of NSS. In India the poverty line is estimated on the basis of calorie intake. If an Urban resident consumes less than 2000 calories per day & a rural resident consumes less than 2600 calories per day, than he comes under the category of below poverty line. According to the norms set by the World Bank a person earning less than $1 per day is assumed to be below the poverty line.
The cut-off expenditure is adjusted for inflation for successive years, and these levels are used to derive time series estimates of population below poverty line.
Objective of study
The group is focused on studying the impacts of Economic reforms on Poverty and has identified the following objectives for the study
? Finding & Analyzing the correlation between economic reforms & Poverty alleviation.
? Interpreting the correlation.
? Studying to what extent the economic reforms have proved to be beneficial when it comes to poverty reduction.
Methodology of study
To analyze the data relating to the GDP growth, employment & BPL population the group relied on the secondary data, sourced mainly from NSSO & CSO’s web ...