question_answer

What is the current anti-poverty strategy of the government for the promotion of economic growth?

Answer:

(i) Over a period of thirty years lasting up to the early eighties, there was little per capita income growth and not much reduction in poverty.

(ii) Since the eighties, India's economic growth has been one of the fastest in the world.

(iii) The growth rate jumped from an average of about 3.5 per cent a year in the 1970s to about 6 per cent.

(iv) Higher growth rates have helped significantly in the reduction of poverty. So, there is a strong link between economic growth and poverty reduction.

However, the poor may not be able to take direct advantage from the opportunities created by economic growth.