I would like to start with a quote that Dr Khan always tells in his class is “Poverty is always by choice” by says that he wants all students to think that it is not only one thing which affects economy of 2nd most populous and a country where there is 26 different languages are being spoken. There are economic factors such as literacy rate, urban population rate, life expectance rate which affect some of them have direct relationship with development but some of them have inverse relationship.
The very first factor i would like to talk about is population of India have 130 crore of population which converts to 1.339 billion of population out of which 22% percent of population is under poverty line and lack of money leads to low literacy rate because of lack of awareness of literally in parents and lack of money children drop their school and start helping their parents to work.
Other factors that is affecting are corrupt governance in India 5 decades after independence that is after 1947 for 50 years it was only one party which was in power that is Indian National Congress. if we compare India with a small nation like Isreal who got independence a year after India have stronger economy and have less poverty in compare to India.
Now after more than 50 years of corrupt governance new generation and Indians have decided to give chance to a new government. it is a time when people says india is developing vastly economically and there is great infrastructure development also
