BANGALORE: In India, 56 percent of its population still struggle to meet their essential needs. Therefore, pursuing an ‘inclusive reforms’ agenda that enhances investments and generates more jobs will help to significantly reduce poverty in India, said McKinsey Global Institute (MGI) report.
As per the report, the 680 million Indians live under the empowerment line that is more than 2.5 times the population of 27 crore masses below the official poverty line.
Anu Madgavkar, a senior fellow of the McKinsey Global Institute said, "Cost of bridging the Empowerment Gap is seven times higher than the cost of eliminating extreme poverty. Health care, drinking water, and sanitation make up nearly 40 percent of the gap in both urban and rural areas," reports Business Today.
Delivery of basic services in the country can be enhanced from 50 percent to 75 percent by private and social sector partnership; community participation; use of technology to streamline operations and monitoring of outcomes, the report added.