Does India continue to need foreign aid?
India’s GDP in 2011-12 is estimated to reach a growth of 8%, but is this development sustainable?
Reports suggest India will face an economic downward trend. What’s more, India has the largest concentration of poor people in the world
Who has benefitted from the economic growth?
- The middle class: In 1985, 93% of Indians had to survive on less than a dollar a day, but India now boasts a burgeoning middle class.
- No trickle down: It is estimated that 77% of Indians live on less than $0.50 per day . This shows there has been relatively little ‘trickle-down’ of India’s new-found wealth to its poorest inhabitants.
- Population growth: India’s population is expected to reach 1.5 billion by 2030 (20% of the whole global population!).
- Corruption: Despite a high level of corruption in India, the Indian government is working to use their economic growth to develop sustainably. India has produced the highest number of Human Development Reports in the world .
Education
Illiteracy is cited as a key reason for India’s poverty. Over 50% of Indian children (most of which are girls) drop out of school before the age of 14 80% of these children are ‘dalits’ or ‘untouchables’ in the Indian caste system.
Wings of Hope are excited to be empowering these children through education to break down the injustices that so many children face each day. For as little as £2.50 a week, you can provide for a child’s full education.
