Question
How is economic growth associated with poverty reduction?OR
"There is a strong link between economic growth and poverty reduction." Explain.

Answer

  1. Till the early eighties, India's economic growth was very slow. Afterwards the growth rate jumped from the average of about 3.5 percent a year in the 1970s to about 6 percent during the 1980s and 1990s.
  2. The higher growth rates have helped significantly in the reduction of poverty, making it clear that there is a strong link between economic growth and poverty reduction.
  3. Economic growth widens opportunities and provides the resources needed to invest in human development.
  4. 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.

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