Choose the given statement as true/false:

Colonialism and population outbursts are two reasons for poverty in India.

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Detailed Solution

The above statement is true.
Colonialism and population outbursts are two reasons for poverty in India. The country was under colonial rule for 200 years. The economic policies of the colonial government ruined traditional handicrafts and discouraged the development of industries. This led to the country's loss of livelihood for many traditional workers. The artisans and the handicraft workers suffered starvation. Even after 30 years of independence, it was seen that the low growth rate persisted, and the household savings remained less. This was added on by high population growth. The failure to tackle economic growth and population explosion resulted in the cycle of poverty.

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