Question

Vicious circle of poverty is one of the main cause of poverty in India. Give the reson.

Answer 1

Causes of Poverty in India. High population growth rate is one of major reasons of poverty in India. This further leads to high level of illiteracy, poor health care facilities and lack of access to financial resources. ... Caste system and unequal distribution of income and resources is another reason of poverty in India.

Answer 2

The reason of vicious circle of poverty is one of the main cause of poverty in India is as follows:

• Most of the developing countries which have low level of income and economic growth, are facing the problem of vicious circle of poverty.
• This low level of income causes low level of savings and investment too. Low productivity which is caused by this, leads to low income in cyclic manner.
• The main reason behind vicious circle of poverty is lack of capital formation.