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How are economic growth poverty reduction related to each other |
| Answer» Since the eighties,India’s economic growth has been one ofthe fastest in the world. The growth ratejumped from the average of about 3.5 percent a year in the 1970s to about 6 percent during the 1980s and 1990s. Thehigher growth rates have helpedsignificantly in the reduction of poverty.Therefore, it is becoming clear that thereis a strong link between economic growthand poverty reduction. Economic growthwidens opportunities and provides theresources needed to invest in humandevelopment. This also encourages people to send their children, including the girlchild, to schools in the hope of gettingbetter economic returns from investing ineducation. However, the poor may not beable to take direct advantage from theopportunities created by economicgrowth. Moreover, growth in theagriculture sector is much belowexpectations. This has a direct bearingon poverty as a large number of poorpeople live in villages and are dependenton agriculture. | |