Why do you find a strong link between economic growth and poverty reduction in india ? Give reason
Answers
The the government has promoted economic growth during the last few years economic growth was slow till the 9018 but has increased significantly since then causing significant power tea reduce reduction there is strong linkage between economic growth and poverty reduction. economic growth widens opportunity and provides the resources needed to invest in human development. High economic growth encourages people to send their children to school with hope of better economic returns from investing in education. The poor peaple may not take directly advantage of economic growth due to lack of growth in agricultural sector large number of people remain poor in rural areas.
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Answer:
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 girls), 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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