India's Poverty Alleviation Strategies Towards Achieving Sustainable Development Goal-01.

Abstract

This research work investigates the relationship between income inequality, poverty reduction strategies, and the Lorenz curve in India from 2015 to 2023, with forecasts extending to 2030. Data from the World Bank reveals positive trends in per capita expenditure and a declining population growth rate. The analysis employs the Lorenz curve to visualize income distribution. While the Gini coefficient remained high at 3.70 in the period, income inequality appears to have stabilized since the COVID-19 pandemic. Interestingly, future projections suggest a remarkable decrease in inequality towards 2030, with the Lorenz curve positioned above the line of equality. This, coupled with rising per capita income and a shrinking population, paints a promising picture towards achieving Sustainable Development Goal 1 (eradication of poverty). Regression analysis further strengthens these findings, demonstrating a statistically significant association between per capita income growth and poverty reduction. These results suggest that India's poverty reduction strategies are yielding positive outcomes, but continued policy interventions and investments in social programs are crucial for sustained progress towards a more equitable and prosperous future.