Question

"There is a strong link between economic growth and poverty reduction" . explain

Answer 1

Economic growth widens the opportunities for people to work and earn.This helps people to have better monthly income and hence improve the economic status of the person and thus reducing the poverty

Answer 2

Answer:

(i) The higher growth rates have helped significantly in the reduction of poverty. In the eighties, India's economic growth was one of the fastest in the world. The growth rate rose from the average of about 3.5 per cent a year in the 1970s to about to 6 per cent during the 1980s and 1990s.  

(ii) 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.

(iii) Economic growth widens opportunities and provides the resources needed to invest in human development. This also encourages people to send their children, including girls to schools in the hope of getting better economic returns from investing in education.

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