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Choose given statement True/False:

The Poverty ratio declined from 1973-74 to 1993-94 to 1999-2000.

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a

True

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Detailed Solution

The above statement is true.
The Poverty ratio declined from 1973-74 to 1993-94 to 1999-2000. It has gradually decreased.
Poverty reduction is associated with a significant increase in labour earnings. Since 1991, rapid economic growth has led to a reduction in poverty.
The poverty ratio from 1973 to 1974 was 56.4, which decreased from 37.3 in 1993-1994 to 27.1 in 1999-2000. There were 261 million people below the poverty line from 1973 to 1974, and the number reduced to 244 million and 193 million in 1993-1994 and 1999-2000, respectively.

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