Question

Write any three effects of economic growth of India.​

Answer 1

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Three effects of economic growth of India are as follows :-

1. it has reduced the problem of poverty in the country.
2. it has improved the living - standards of the people in the society.
3. it has positive impact on the national income of the country.

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Answer 2

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⏩ Effects of economic growth of India:-

☞ Over a period of thirty years lasting up to the early eighties, there was little per capita income growth and not much reduction in poverty.

☞ Official poverty estimates which were about 45 % in the early 1950s remained the same even in the early eighties.

☞ Since the eighties, India's economic growth has been one of the fastest in the world.

☞ The growth rates jumped from the average of about 3.5 percent a year in the 1970s to about 6 percent during the 1980s and 1990s.

☞ The higher growth rates have helped significantly in the reduction of poverty.

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