Evil Captor
Capitalism is the correct way to go. We need privatization in everything.
Poverty was a simple problem to solve especially by leveraging all the advanced tech. at government’s avail these days. Its all Indian Government’s fault. Many of their meaningless subsidies(latest being food security bill, estimated $ 120 billions annually) there’s corruption, wastage and bad implementation.
I think following 3, if implemented, will bring social equity and eradicate all the poverty imo within a generation:
Handing out 1000 Rs per poor person per month(track this using biometric verification) for over 15 years old people. This will mean between 4000-5000 per family per month, enough to pay for food, water, education, digital tv connection, electricity bills, maintaining a cell phone etc if they live in a village or a small town. Currently , India has around 350 million poor many of whom work as unorganized labor, without job security, susceptible to exploitation and often get exploited. Even if 400 million people avail this cash benefit scheme that I propose, it will come from $80 billion to $96 billion(depending on exchange rates) per year which will ensure that people have at least the minimal financial security, escape the exploitation and live somewhat fulfilling life.
No. 2 is English language and computer/internet education in schools. Many schools start teaching A,B,C,D from 6th standard and dont teach Computers at all. I find dropouts from 9th, 10th class working as laborers, knowing zero English n Computers. These are immensely powerful things in our lives today. English should be taught from 1st class in Gov. schools and hands-on computers/internet classes from 6th class. I studied in a English medium Gov. school myself.
No. 3 I think is to improve literacy, tv affordability n usage and Internet penetration percentage as these things will decrease the fertility rate. Especially in the states of UP, bihar, mp, rajasthan. See thismap of media usage Vs fertility rate of various Indian states.
Most of the poverty is generational, thats even better coz you elevate one generation from poverty, you elevate future generations too and basically eradicate poverty.