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Book part
Publication date: 22 November 2024

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Understanding the Multi-Dimensional Nature of Poverty
Type: Book
ISBN: 978-1-83753-293-3

Content available
Book part
Publication date: 22 November 2024

Abstract

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Creating Pathways for Prosperity
Type: Book
ISBN: 978-1-83549-122-5

Book part
Publication date: 22 November 2024

Vijay D. Joshi, Sukanta Kumar Baral and Manish M. Pitke

India is one of the world's largest exporters of products and services. Given the outstanding contribution of services in India's foreign trade, this study examines the changing…

Abstract

India is one of the world's largest exporters of products and services. Given the outstanding contribution of services in India's foreign trade, this study examines the changing international trade pattern for India. It is a nation that is heavily dependent on imports and exports. This study examines the changing international trade pattern for India with the existence of certain global disruptions. The analysis highlights a growing trade surplus in services and an increasing trade deficit (i.e. imports higher than exports) in goods. India needs to have policies in place to emerge as a strong economy in this post-pandemic era. This chapter provides a set of examples based on the research findings. The research suggests that the growing economy and supportive government policies offer greater opportunities for the country in the longer period if urgent policy initiatives and support are extended to existing and potential manufacturing and services sectors. It ultimately seeks to highlight key opportunities, challenges and suggestions to protect and promote India's international trade.

Book part
Publication date: 22 November 2024

Rabinarayan Patnaik and Sukanta Kumar Baral

Banking sector is an important subset of any economy and plays a very crucial and significant part in its growth and development. The expansion and credibility of banking sector…

Abstract

Banking sector is an important subset of any economy and plays a very crucial and significant part in its growth and development. The expansion and credibility of banking sector is attributed to the fact that it caters to the financial needs and accordingly provides customised solutions for the people at large. The new millennium has witnessed metamorphosis in the banking sector. The pace and trend of transformation is all set to accelerate in the coming decade. The process of Liberalisation, Privatisation and Globalisation Model (LPG Model) banking practices which being unleashed a few decades back will reach to greater heights as we step into the next decade. The innovative technology has brought about a paradigm shift in all aspects of banking like routine operations, transactions, products and processes, delivery of services in terms of various e-channels, credit administration and credit management, audit and compliance and Fin-Techs partnership. Digital transformations in the banking sector have received much needed thrust because of ‘The Digital India Moment’. The current study attempts to highlight the role of technology in banking and how technology-led innovations and initiatives will determine the business of banking as a whole. The significance of these technology-driven innovations and transformations is that they put both banker and customer in a win-win situation as drawn from existing literature related to financial institutions. The focus is on investigating the digital innovations adopted by the different banks both public and private to understand the economic structural changes resulted out of it.

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Understanding the Multi-Dimensional Nature of Poverty
Type: Book
ISBN: 978-1-83753-293-3

Keywords

Book part
Publication date: 22 November 2024

Ankita Nayak, Ipseeta Satpathy, B. C. M. Patnaik, Sukanta Kumar Baral and Durga Prasad Samontaray

Efforts and initiatives aimed at poverty reduction are motivated by the ultimate objective of reducing the prevalence of people living in poverty. The primary goal of such efforts…

Abstract

Efforts and initiatives aimed at poverty reduction are motivated by the ultimate objective of reducing the prevalence of people living in poverty. The primary goal of such efforts is to ensure that individuals and families living in low-income households have fair access to basic essentials such as food, vital resources and critical services. According to the World Economic Forum, poverty is a significant loss of well-being that can appear in a variety of ways. Two instances of this are low wages and the difficulty of accessing the necessities for daily living in the form of goods and services. Poor physical and mental health, insufficient access to sanitary services, lack of a voice and a lack of resources to improve one's situation are all characteristics of poverty. The goal of this study is to provide insight into the various poverty eradication programmes undertaken in India and the Middle East, i.e. Yemen. This exploratory study aims to give an overview comprising an analysis of more than 52 published research articles on this topic. The evaluation covers papers from prominent publications as well as general management journals with significant links to the topic. This chapter makes a significant contribution to theory by understanding different challenges leading to poverty, giving insights into the various programmes taken to eradicate poverty and suggesting measures to mitigate poverty through various literature reviews; this study is a general review in the context of the paper type. This study will give discernment for academicians and executives of different organisations.

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Understanding the Multi-Dimensional Nature of Poverty
Type: Book
ISBN: 978-1-83753-293-3

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Book part
Publication date: 22 November 2024

Kyla L. Tennin and Shelli Brunswick

The Swedish International Development Cooperation Agency (SIDA) (2019) explicated there are four dimensions of poverty, and they include (1) resources, (2) opportunities and…

Abstract

The Swedish International Development Cooperation Agency (SIDA) (2019) explicated there are four dimensions of poverty, and they include (1) resources, (2) opportunities and choice, (3) power and voice and (4) human security (e.g. violence issues and concerns). Contrastingly, Ellis (1984) postulated dimensions of poverty are social, economic, legal and political poverty. The Organisation for Economic Co-operation and Development (OECD) (2015) stated poverty is not always about income, indicating ‘income poverty’. Deprivation factors can be broad, but reported poor health, inadequate living standards and lack of education are dimensions of poverty (OECD, 2015). Also, according to the World Bank, the world's extremely poor are people who live on less than $1.90 USD per day (Beck et al., 2020). The $1.90 amount is at 2011 purchasing power parity levels. Additionally, the $1.90USD amount has decreased significantly over the last decades (Beck et al., 2020). Nevertheless, entrepreneurship, UN SDGs and technology can be strategies for sustainable alleviation of poverty and pandemic global economic recovery, in the 21st century.

Book part
Publication date: 22 November 2024

Kamal Kant Tyagi, Chakir Aziza and Vinay Pal Singh

India has a serious poverty issue that needs to be addressed immediately. The elimination of poverty should be one of the primary goals of economic policy. The elimination of…

Abstract

India has a serious poverty issue that needs to be addressed immediately. The elimination of poverty should be one of the primary goals of economic policy. The elimination of poverty is one of the greatest obstacles to economic development as it is now envisioned. It is difficult to provide a blanket recommendation for achieving economic growth and reducing poverty because each state's experience has been distinct. The states of Punjab and Haryana are two examples of how a strong emphasis on agricultural expansion can help alleviate poverty. Human resource development has been successful in Kerala; thus, it has been replicated in other states. While India's social safety programmes have helped to alleviate poverty, they aren't perfect. COVID-19 reversed the progress made and harmed migrant workers and others in the informal economy. There are now millions more people living in extreme poverty than before. To tackle unemployment, governments and underprivileged communities are appealing to programmes like MGNREGA.

The purpose of this article is to investigate the measures taken by the state to combat poverty.

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Creating Pathways for Prosperity
Type: Book
ISBN: 978-1-83549-122-5

Keywords

Book part
Publication date: 22 November 2024

Shilpa Deo, Anjali Sane, Sushil Sharma and Saeed Tabar

The first Sustainable Development Goal (SDG), which is to be attained by the year 2030, is to ‘End poverty in all its forms everywhere’.1 However, the progress made in reducing…

Abstract

The first Sustainable Development Goal (SDG), which is to be attained by the year 2030, is to ‘End poverty in all its forms everywhere’. 1 However, the progress made in reducing poverty has been reversed due to the spread of the COVID-19 pandemic. The worsening poverty, inequality and vulnerability call for identifying the acuteness of the problem with the help of dimensions like the economic dependency ratio along with other sources like poverty line, access to social security, health care, basic services, food security and asset ownership and social networks at the village to name a few. The economic dependency ratio goes beyond the age dependency ratio and tries to capture the dependency better by incorporating the number of dependants and employed ones in the calculation. In this study, an attempt has been made to highlight the importance of the economic dependency ratio to measure vulnerability better in India. Unemployment data provided by the Centre for Monitoring Indian Economy (CMIE) has been utilised to understand the severity of dependency at the country level. Primary data has been collected with the help of the Proportionate Stratified Sampling method from 600 notified, non-notified slum households staying in the western part of India and in-depth interviews have been conducted with a few homeless families. Quantitative data has been analysed using SPSS and Stata software.

This study will be immensely useful as it aims to improvise the methodology to identify the poor and vulnerable. Better identification can take us a step closer to achieving SDG 1.

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Understanding the Multi-Dimensional Nature of Poverty
Type: Book
ISBN: 978-1-83753-293-3

Keywords

Book part
Publication date: 22 November 2024

Rakesh Kumar and Archana Saxena

The globe faces a difficult job in maintaining a sustainable ecosystem. Sustainable development goal (SDG-2030) is an important agenda for United National Organization. By 2030…

Abstract

The globe faces a difficult job in maintaining a sustainable ecosystem. Sustainable development goal (SDG-2030) is an important agenda for United National Organization. By 2030, the United Nations aims to have eliminated hunger, poverty, social protection, environmental protection, social security and inequality as described in different goals of SDG-2030. This cannot be accomplished without diligent work from each member. This study focuses on the strategy to removal of poverty with go green concept. The study is based on secondary data which was collected from different websites and previous research papers. This is analyst-based research. The go green notion is stressed in this chapter as aim to achieved SDG-1. The go green idea and its supporting industries were stressed in this chapter as a means of achieving SDG-1. This chapter discussed the many forms of poverty and an examination of their causes, as listed in SDG-1. Environment degradation is crucial for the SDGs. This chapter links SDG-1, 2, 6 and 7, which are concerned with hunger, clean water and sustainability of energy sources. This study explores achieving SDG while protecting the environment. This chapter explains how green growth policies, technology, good healthcare equipment, a strong education sector and effective communication technologies can all work together to achieve SDG-1 in a sustainable manner. This study focused on the resources needed to eradicate poverty in various regions. It is a crucial component of sustainable endeavours that help preserve a healthy environment for coming generations. Human development was dependent on a healthy environment. This study emphasised green growth, eco-friendly transportation and clean energy concept while achieving SDG-1. The study analyses different parameters to remove poverty with go green concept.

Details

Creating Pathways for Prosperity
Type: Book
ISBN: 978-1-83549-122-5

Keywords

Book part
Publication date: 22 November 2024

Nassir Ul Haq Wani, Bibi Sarah Majidi, Neeru Sidana and Richa Goel

Women's empowerment is nothing new; it has been acknowledged as an essential element of eradicating poverty and advancing the economy. However, it remains problematic in most…

Abstract

Women's empowerment is nothing new; it has been acknowledged as an essential element of eradicating poverty and advancing the economy. However, it remains problematic in most developing countries, such as Afghanistan. This research evaluates women's empowerment experiences by utilising Self-Help Groups (SHGs) as a fundamental development method to empower women economically and socially. This study adopts a qualitative research style, with data mainly acquired from rural areas (Kabul province). The findings indicated that SHG involvement is closely associated with families' socio-economic well-being, meaning that SHG participants are more empowered than those who do not engage or are oblivious to SHGs. SHGs confront various obstacles in Afghanistan, including (but not limited to) erroneous cultural norms, security issues, inadequate financial assistance and poor member participation, all of which influence operations. This study makes important recommendations for promoting and achieving women's integration and active participation in SHGs, including increasing social awareness, support from civil society and the government, laws and regulations that support women, strategies to increase women's economic and social empowerment and linking groups to commercial banks.

Details

Understanding the Multi-Dimensional Nature of Poverty
Type: Book
ISBN: 978-1-83753-293-3

Keywords

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