write any three effects of economic growth on the people of India
Answers
The economic growth rate in India has some positive and some negative effects.
Positive effects:
1.It helped in the reduction of poverty to a great extent.The occurence of famine and other such circumsances have been bought under control.
2.The living standards of people has risen up to a considerable extent.
3.Economic growth had broaden up opportunities and provided the resources required for investment in human development.
4. The employment options have also increased.
Negative effects:
1.It could not mitigate the problem of poverty coupled with high increase in population.
2. There is still scarcity of jobs specially for those who are illiterate and unskilled. This has widened the gap of income inequalities.
3.It could not create a proper base for employment as a whole.
Thus, by improving conditions within the country and fostering positive relationships beyond its borders, India could live up to its highest economic potential.