Economics

There is a strong link between economic growth and poverty reduction. Explain.


SOLUTION
(i) The higher growth rates have helped significantly in the reduction of poverty. In the eighties, India's economic growth was one of the fastest in the world. The growth rate rose from the average of about 3.5 per cent a year in the 1970s to about to 6 per cent during the 1980s and 1990s. 
(ii) The higher growth rates have helped significantly in the reduction of poverty. Therefore, it is becoming clear that there is a strong link between economic growth and poverty reduction.

(iii) Economic growth widens opportunities and provides the resources needed to invest in human development. This also encourages people to send their children, including girls to schools in the hope of getting better economic returns from investing in education.
View Full Answer

Its FREE, you're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Subjective Medium Published on 16th 09, 2020
Next Question
Questions 120418
Subjects 10
Chapters 88
Enrolled Students 74
Enroll Now For FREE

Realted Questions

Q1 Subjective Medium
Describe the objectives of the following anti-poverty programmes:
(i) Swarnajayanti Gram Swarozgar Yozana (SGSY)
(ii) Pradhan Marini Gramodaya Yozana (PMGY)

Asked in: Economics - Poverty as a Challenge


1 Verified Answer | Published on 16th 09, 2020

View Answer
Q2 TRUE/FALSE Medium
The Grameen Rojgar Srajan Karyakram was launched with the aim to establishing projects and creating self-employment opportunities in rural areas and small towns.
  • A. False
  • B. True

Asked in: Economics - Poverty as a Challenge


1 Verified Answer | Published on 16th 09, 2020

View Answer
Q3 Single Correct Hard
According to NSSO (2009 - 10) data, the percentage of people living Below Line has ______ compared to the previous (2004 - 05) data.
  • A. increased
  • B. remained same
  • C. nothing can be said
  • D. decreased

Asked in: Economics - Poverty as a Challenge


1 Verified Answer | Published on 16th 09, 2020

View Answer
Q4 Single Correct Hard
Based on Tendulkar Committee Report, the estimation of poverty lines as an monthly per capita expenditure for rural reas is ______ per month.
  • A. ₹ 225 
  • B. ₹ 245 
  • C. ₹ 860 
  • D.  ₹ 446

Asked in: Economics - Poverty as a Challenge


1 Verified Answer | Published on 16th 09, 2020

View Answer
Q5 Single Correct Medium
Causes of Rural Poverty __________________.
  • A. unequal distribution of land
  • B. low education level
  • C. low status of women
  • D. all of the above

Asked in: Economics - Poverty as a Challenge


1 Verified Answer | Published on 16th 09, 2020

View Answer