Interesting thought about eradicating poverty. I guess this implies that poverty can be eradicated within the bounds of capitalism, without having to rely on purely socialistic ideals.

If you want to eradicate poverty, you don’t do it by redistribution of existing wealth. You have to create more wealth. — Narayana Murthy

There will always be a rich and poor divide. But that does not necessarily mean that the poor are living in poverty. Poverty ends when a country can provide opportunities to everyone to allow them to earn a livelihood capable of supporting the basic human needs and maintaining a minimum standard of living. For a country as populous as India, providing (let alone guarantee) opportunities to everyone is a monumental task further complicated due to the lack of resources, effective governance and vision. This opportunity is difficult to guarantee in a country as populous as India.