Question

✌️HOW IS ECONOMIC GROWTH AND POVERTY REDUCTION LINKED WITH EACH OTHER???? JUSTIFY IT✌️​

Answer 1

Answer:

The higher growth rates have helped significantly in the reduction of poverty. ... Therefore, it is becoming clear that there is a strong link between economic growth and poverty reduction. Economic growth widens opportunities and provides the resources needed to invest in human development.

Answer 2

Explanation:

Economic growth is the most powerful instrument for reducing poverty and improving the quality of life in developing countries. ... Thus, both the pace and pattern of growth matter for reducing poverty. A successful strategy of poverty reduction must have at its core measures to promote rapid and sustained economic growth.

The higher growth rates have helped significantly in the reduction of poverty. In the 1980s, India’s economic growth was one of the fastest in the world. The growth rate rose from the average of about 3.5% a year in the 1970s to about to 6 % during the 1980s and 1990s. The higher growth rates have helped significantly in the reduction of poverty. Therefore, it is becoming clear that there is a strong link between economic growth and poverty reduction.

Economic growth widens opportunities and provides the resources needed to invest in human development. This also encourages people to send their children (including gjrls), to schools in the hope of getting better economic returns from investing in education. Thus, it can be concluded that there is a strong link between economic growth and poverty reduction.

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