India has made incredible progress in efforts to decrease its population’s degree of poverty and improve the quality of life of its citizens throughout the last 20 years. The poverty rate in India fell from 45.3 to 21.9 percent between 1993 and 2011, and it continues to drop each year.
There is thus a two-way focus on India in achieving the World Bank’s Millennium Development Goals of defeating global poverty by 2030. While it is a clear example of successful aid and development, the nation still has a long way to go.
Despite its struggles, India has still transformed into one of the world’s fastest growing economies. India is an influential member of the G20, and it now acts as an important participant in international affairs.
The United States has provided a great deal of aid to India over the last two decades. Consequently, its dramatic improvement is proof that nations that once appeared hopeless can succeed in the global market.
In a blog post, Bill Gates cited India’s resurrection as “phenomenal.” Further, India “deserves recognition especially now, as rich countries consider whether to continue investing in global development assistance despite all the economic problems they face at home.”
Despite these developments, it is important to remember that there are still 400 million Indians living in extreme poverty. UNICEF has instituted programs that target these issues. These campaigns work to reduce neonatal deaths; increase child growth and development; protect children’s learning environment; and empower adolescents.
USAID plans to continue investing in the country’s healthcare, water, education, and energy. The G20 Summit will hopefully provide further opportunities to develop a plan that will eradicate poverty. Until world poverty has all but disappeared, India remains an unfinished success story.
– Emily Trosclair