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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (896)	2/26/2000 2:03:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

OT 'Over 300 million poor in India' Friday, February 25, 2000 NEW DELHI - A recent World Bank study has said that the poverty situation in India remains a matter of concern despite the fact that the country's growth since 1980 has been among the fastest in the world. Social indicators for literacy, education enrolment, disease and mortality and gender have steadily improved and poverty has fallen since the mid-1970s. Still, the poverty situation remains a serious concern as the poor still number over 300 millions. According to the study, household surveys suggest that poverty reduction has been particularly sluggish over the nineties in India's rural areas which contain more than 70 per cent of the country's poor. A wide disparity in poverty also exists across and within Indian States and the uneven poverty reduction was a key feature of the evolution of poverty in India. The study also found that the large poor States in the north and east, containing 40 per cent of India's population, have lagged in reducing poverty since the late 1970s. The slowdown in poverty reduction may also be explained by the higher average inflation in the 1990s compared to the 1980s, especially the more rapid increase in food prices. There are concerns that the pattern of agricultural growth could be producing less of a rise in labour demand and fall in poverty than in the past. More fundamentally, while some States were able to take advantage of the stabilisation and reforms to speed up growth and poverty reduction, others increasingly lagged behind due to poor governance, insufficient infrastructure and compression of developmental spending, the study adds. -LEXIS-NEXIS via The Hindu & Si