Question
'There is a strong link between economic growth and poverty reduction.’ Describe with examples.
Solution
India's economic growth has been one of the fastest in the world, since the eighties.
The growth rate jumped from the average of about 3.5 per cent a year in the 1970s to about 6 per cent during the 1980s and 1990s. The higher growth rates have helped significantly in the reduction of poverty.
The growth rate jumped from the average of about 3.5 per cent a year in the 1970s to about 6 per cent during the 1980s and 1990s. The higher growth rates have helped significantly in the reduction of poverty.
Economic growth widens opportunities and provides the resources needed to invest in human development. This also encourages people to send their children, including the girl child to schools in the hope of getting better economic returns from investing in education.
