Question
How is economic growth and poverty reduction linked with each other? Substantiate.

Answer

Economic growth provides the resources needed to invest in human development. It increases the opportunities for employment. As there is no unemployment and the people earn more their standard of living improves. They are able to educate their children, including the girls. They in turn become capable of taking up better jobs and earning. In this way economic growth helps to reduce poverty.  
India's economic growth has been one of the fastest in the world during the eighties. The growth rate increased from the average of about 3.5% a year in the 1970s to about 6% during the 1980s and 1990s. This helped to bring about a significant reduction of poverty.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free