Question

How are rising prices responsible for poverty in India?

Solution

Inflation increases price of the commodity. When prices rise, the purchasing power of money falls and thus affects badly the poor and middle income groups. In this way, rising prices are responsible for poverty in India.

Some More Questions From Poverty Chapter

Why calorie - based norm is not adequate to identify the poor?

How many persons in India are living below the poverty line?

What are the main causes of poverty in India?

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Poverty

How are rising prices responsible for poverty in India?

Some More Questions From Poverty Chapter

Why calorie - based norm is not adequate to identify the poor?

How many persons in India are living below the poverty line?

What are the main causes of poverty in India?

What measures should be adopted to remove poverty in India?

What is the definition of poverty line by planning commission of India?

'India is a rich country, inhabited by poor'. Explain this statement.

Is there any relationship between unemployment and poverty? Explain.

What is absolute poverty?

What are the two main causes of poverty in India?

Name any three states where the number of poor is relatively high.

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