Economics

How can you say that there is a strong link between economic growth and poverty reduction? Give one point.


SOLUTION
1:The higher growth rates have helped significantly in the reduction of poverty. In the 1980s, India’s economic growth was one of the fastest in the world.
2:The growth rate rose from an average of about 3.5% a year in the 1970s to about to 6 % during the 1980s and 1990s. The higher growth rates have helped significantly in the reduction of poverty. 3:Therefore, it is becoming clear that there is a strong link between economic growth and poverty reduction.

5:Economic growth widens opportunities and provides the resources needed to invest in human development.
6:This also encourages people to send their children (including girls), to schools in the hope of getting better economic returns from investing in education. Thus, it can be concluded that there is a strong link between economic growth and poverty reduction.

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