Describe poverty trends in India since 1973.

The Economic Survey of 2017-18 showed that although poverty has declined in the country, the number of poor still remains very high. The poverty ratio of 1993-94 for both rural and urban areas together was at 45%, and the ratio for the year 2011-12 has declined to 22%. However, the topic of concern still remains that there has not been any massive decline in the number of poor living in the country. While 404 million poor population was accounted for in both rural and urban areas in 1993-94, the poor population in 2011-12 was 270 million. The survey clearly tells that the concerned authorities must take some serious steps in order to make India a country free of poverty.