Economic growth and poverty reduction are interlinked.

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Detailed Solution

The Above Statement is True.
Economic growth and poverty reduction are interlinked. If the economic growth rates are high, poverty rates are also reduced. For example, India has seen a high economic growth rate during the 1980s, showing a fall in the poverty rate. With economic growth, a country starts spending more on human resource development which helps people to get out of poverty with access to education and healthcare facilities. Economic growth also helps people know about education's importance, and they start sending their children more than before. With a good education, people get good jobs, and they become able to get out of poverty by earning well.

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