News By/Courtesy: Nikhil Verma | 18 Apr 2019 14:49pm IST

Arun Jaitley, the Finance Minister of India on Monday said that by 2031, the number of people living in the intense conditions of poverty will reduce radically and the problem of impoverishment will be ended by another decade post-2031. The statistics of world bank states that during 2011, more than 25% of the 1.4 billion population were living on Rs.85 a day.

According to Arun Jaitley, urbanization will rise, the category of the middle class will grow and the national economy will be strengthened on a multifarious extent. Following the growth of the economy, job opportunities will further be proliferated.

In this Lok Sabha elections, the development of the economy is a crucial subject of discussion as the party in opposition is looking to tarnish the rosy picture has been trying to present. Jaitley who is supervising the publicity department in the election for BJP added that the poverty rate in the next three years will be dropped by 15% and to a minute level by the next ten years.

The growth of the Indian economy during the Modi government’s tenure has significantly adequate revenue for the states to deal with the poverty problem, generation of jobs, enhancing health care and education sector. But the opposition parties constantly have taken issues with such contention pointing to the disclosure of government statistics which showed that unemployment in India rose to a shocking level of 45% as compared to the tenure of United Progressive Alliance.

Section Editor: Shreyashi Tiwari | 18 Apr 2019 15:48pm IST

Tags : #Jaitley #Poverty #Elections

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