India: Land of million mutinies
In spite of the global economical difficulties and high inflation rate, the Indian economy has shown great resilience and has grown at an average of 8 percent across the period of the 11th five-year plan.
The objective of the 11th five-year plan was “faster and more inclusive growth” and much has been achieved in fulfilling this objective. However, many challenges remain, high growth rates have led to a gradual reduction in poverty but the levels of poverty remain unacceptably high and many sections of the population continue to struggle to meet their basic needs and to receive their entitlements.
Nearly 300 million people live in extreme poverty in India and face deprivation in terms of access to basic services, including education, health, water, sanitation and electricity.
According to the 2014 Human Development Report India ranked 135 in a list of 187 countries.