✅We can End Glšbal Poverty by 2030 .
✅Here's a Sustainable Solution for ending Glšbal Poverty by 2030.
It will be possible through -
(1)✔ REGION WISE ECONOMIC POLICY
(2)✔ AGRICULTURAL REFORMS
(3) ✔RENEWABLE ENERGY.
1)REGION WISE ECONOMIC POLICY
Regional Disparity one of the major challenge for Sustainable Development.
only regiion wise development program can uplift poverty stricken area ....can uplift human development index....can reduce regional disparity.
Regional Disparity much more in India ($2.7 trillion) than 1st and 2nd largest Economy,USA ($21 trillion) and China ($12trillion).
In the USA , GDP ratio is 2-1 between Top - poor .
Top New York (GDP capita $79,000),middle (pennsylvania,$60,000) and the poorest (Mississippi, per capita $38,000).
In China the GDP ratio is 4-1 between Top - Poor provinces .
Top Beijing (per capita $20,000),middle Inner Mongolia (per capita $10,000) and poorest Gansu (per capita $4,800).
In India, the ratio is near 10-1 between Top-poor state.
Top Goa (per capita $ 5700) ,middle karnataka ($2700), poorest Bihar ($610).
I think regional wise special Economic Policy can end poverty.
2) AGRICULTURAL REFORMS
Still approximately 65 crore(650 million)people in india depends on Agricultural sector.But the sector is in big crisis,due to low growth rate and low farm income.
India’s Agriculture is going to be a sunrise sector of 21st century.
We know more production does not mean more income for the farmers....could hamper Demand-Supply theory.
My personal analysis is that,india needs a supply side reforms and focus on demand side in Agrarian sector. ....as early as possible.
This simple idea could change Service sector, Agriculture sector and manufacturing sector for Ever.
India could generate approx 1cr new Employment per year and Farmers income could increase three fold by 2024-25. Strongly believe that Agricultural Reforms can ply a crucial role in poverty eradication and employment generation.
#Major benefits of Agricultural Reforms#
I would like to share some key points.
GROWTH :-
a#Agricultural sector Needs Supply side Reforms and focus on Demand side.
Agrarian sector can grow 10-15% annually# over three fold.
b#GDP growth could be over 10% annually( forecast to 7% for 2019-20).
C #Agricultural growth has strong growth linkages to other economic sectors(industry and services). When agricultural incomes are spent on domestic market, it stimulates demand for domestic industry and services#
✔FUND GENERATION :-
My projection is that
#supply side Reform,Focus on Demand side initiatives can save Multi billion dollar annually.
a)Reforms can reduce multi billion-dollar Post-harvest losses and Agri import bill.
b)Reforms can save multi billion-dollar Fuel -Electricity -NPAs in Farm loans -Fertilizer-Seeds- Pesticides by cutting waste.
c)Reforms can boost agri export,can generate billion dollar revenues.
d)can help to reduces excessive water consumption- farmer suicides -agririon riots - fiscal deficit.
supply side reforms - focus on Demand side initiatives, direct- indirectly
could generate ADDITIONAL FUNDS of ($130 BN-$150BN ) Rs 9 Lakh -10 lakh crore annually ,could generate 20 times economic activities.
EMPLOYMENT OPPORTUNITIES & INCOME:-
a#This additional fund could generate nearly 10 MILLIONS NEW EMPLOYMENT annually ,with Minimum Salary Rs 15,000 /month, could build upto 1000 km Highspeed Rail network annually,could increase fund in Health-Education-Socoial security.
b.#farmers income will be triple by 2024-25 due to focus on demand side,that could boost export.
c.india has huge potential to become a High Middle income country ,per capita income could reach $ 4500 from $2000 by 2024-25.
Only supply side reforms and focus on demand side can grow india.
india could see a sharp increase in Farmers income ,may be three fold by 2024-25.
India can see sharp increase in service and manufacturing sectors. Sharp increase in Employment and sharp decline in poverty. per capita GDP will be $8000 by 2030 ,indian Economy could touch $ 12 trillion by 2030.
3) RENEWABLE ENERGY
According to UN more than 700 million people still live in extrem poverty & struggling to fulfil the most basic needs like health, education, water and sanitation.
According to UN more than half of the extreme poor live in #Sub-Saharan Africa#. In fact, the number of poor in the region increased by 9 million, with 413 million people living on less than US$1.90 a day in 2015, more than all the other regions combined. If the trend continues, by 2030, nearly 9 out of 10 extreme poor will be in Sub-Saharan Africa......matter of deep concern.
We know UN Sustainable Development Goals (SDG)7 aims to ensure access to affordable, reliable, sustainable and modern energy for all by 2030.
But Progress Too Slow to meet the global energy targets for 2030 set as part of the Sustainable Development Goals.
SDG7 report warns 650 million people could lack electricity access by 2030 and nine out of 10 of them living in sub-Saharan Africa.
Current situation A person living in a remote village in northern Nigeria spends 60 to 80 times more to purchase a unit of electricity than somebody living in New York.
Nigeria’s unreliable power supply is a major hindrance to Nigeria’s economic growth....
unreliable electricity costs its economy $29 billion per annum.
I think ,Renewable energy could solve this..... renewable energy cost is the lowest than other. The International Renewable Energy Agency( IRENA) predicts that within the next two years, solar and wind projects will be able to deliver electricity for as little as $0.03 per kWh......right now per kWh rate Germany ($0.34),Japan ($0.29),France ($0.19),usa ($0.15).
in India,according to The Energy and Resources Institute ( TERI ) Solar energy cost to fall to Rs 1.9 ($0.02) per unit and wind Rs 2.3 per unit by 2030. ..coal could be expensive Rs 4.85- RS 6.98 per kWh by 2030.
so, renewal energy necessary,renewable energy cost is the lowest than other .
Renewal energy can ensure high per capita income....can increase household savings.
So,We needs to focus on (1) REGIONAL DISPARITY (2) AGRICULTURAL REFORMS (3) RENEWABLE ENERGY.
Strongly believe that we can ensure Economic growth, peace,zero hunger and a stable society . Also believe that UN,Sustainable Development Goals will Possible Before 2030. Also belive that standard of living of 7.7 billion people in the world will be improve before 2030.
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