Associate Professor, Post Graduate Department of Economics, Bangalore University, Bangalore
Online published on 30 September, 2013.
Poverty is the greatest challenge to the mankind. Gandhi, described poverty as worst form of violence. Poverty may be defined as a state of spiritual and financial deprivation, preventing people from attaining their full potential and realizing their self fulfillment. Since decades, the development economist's worlds wide are worried about the solution to eradicate poverty. The solutions suggested from time to time include providing education, health facilities, land reforms, micro credits, self help groups, infrastructure, debt relief programmes, public vaccine programmes. The governments too acting on the suggestions of the good economists tried to boost purely the economic growth indicators especially the GNP and Per capita income expecting trickledown effect thereby effecting in reduction of poverty.