Macroeconomics of Poverty Reduction: India Case Study

India, located in South Asia is a large country that ranks second in the world in terms of population and seventh in terms of geographical area. Its civilization is very old dating back to at least 5000 years. Its greatly diversified land includes various types of forests, broad plains, large coastlines, tallest mountains and deserts. The people belong to different ethnic groups and religions and they speak several languages. When Columbus and Vasco da Gama were attempting to explore new sea routes, India was among the richest countries in the world. It became one of the poorest in the world by the end of the colonial era in 1947 when India became independent. [PP-057] URL: [http://www.igidr.ac.in/pdf/publication/PP-057.pdf]