The poverty ratio declined between 1993-94 and 2004-05?

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Detailed Solution

The Above Statement is True.
The Poverty ratio declined between 1993-94 and 2004-05 despite the digit of poor remaining at about 407 million because the country's total population increased during the same period. Out of this increased population, most of the people got employment because of the initiation of the Green Revolution in India, which helped many farmers to help grow by increasing the productivity of the crops. More industries started establishing after the successful Green Revolution in India, as there was a need for more tractors, threshers, and other machinery for cultivation. The Tertiary Sector also started growing. As a result, the poverty ratio declined.

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