Solution:The above statement is true. Poverty reduction is a duty as well as a challenge for many democracies in the world, like India. It is because poverty is increasing and remaining stagnant, leading to mass unemployment and a lack of facilities. Poor people are dissatisfied with democratic governments and are living miserable lives. Poverty leads to economic inequalities and creates huge rich-poor gaps and regional inequalities that hamper economic growth and development. Poverty is a curse on society, the economy, and politics. The government should adopt a comprehensive and more effective approach to reducing poverty and related issues.