Understanding sustainable rural livelihood security in indian context: a review

Economists of all over the world have been shown a great concern on livelihood security of the rural people living in developing countries. Conceptually ‘livelihood’ denotes the means, activities, entitlements and assets by which people make a living. Assets are defined as natural (land and water), social (community, family and social networks), political (participation and empowerment), human (education, labour, health and nutrition), physical (roads, clinics, markets, schools and bridges) and economic (jobs, saving and credit). Livelihood security has been interpreted in different ways by various scholars. This is a very broader arena and often misjudged with income security. Therefore, this paper is aimed to critically examine the existing literature and draw meaningful interpretations regarding the different facets of livelihood security.