How will the growing Economy impact Poverty and the Slum dwellers?
As stated above, 8% growth rate of Indian economy will push per capita GDP to $2,000 level in about twenty to twenty-five years (PPP per capita GDP will be much higher). The forgoing presupposes that the population does not explode in the near future but continue a healthy 1.5 to 2% growth. That is where the magic equilibrium of prosperity and desire to live a better life begins. These two together could end poverty and slums. With availability of affordable housing and jobs, slum dwelling is the last thought on peoples mind. On the other hand if the above does not happen then slums dwellers will triple in 25 years and so will the poverty. Delhi will have four and a half million-slum dwellers. Kolkata and Mumbai will have even bigger numbers. Indias shame will have no end. To avoid that, Indias economy has to remain at a high state of growth. Jobs created by the economic growth, hence higher incomes are key criteria for poverty reduction and slum elimination. The foregoing together wit
