economicsChoose the given statement is True/FalseEconomic growth leads to poverty in India.

Choose the given statement is True/False


Economic growth leads to poverty in India.


  1. A
    True
  2. B
    False 

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    Solution:

    The given statement is false.
    Although poverty has undoubtedly declined in India, many vulnerable groups are susceptible to poverty. It is expected that the poverty rates will fall further in the next fifteen years, and one of the most important ways to do this is by implementing policies promoting higher economic growth. Therefore, there should be more focus on economic growth while not overlooking universal free elementary education, declining population growth, and increasing empowerment of women and the economically weaker sections of society. By adopting inclusive economic growth, poverty can be eliminated in India in a matter of a few decades. Hence the correct statement would be, Economic growth leads to poverty reduction in India.
     
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