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Economic growth is the major solution that helps to reduce poverty and inequality in India.
During 2020-21, spending on the social sector is 8.8% of GDP.
But in wealthy nations, these are not in a similar ratio; hence, we need to find different solutions to eradicate poverty or inequality because the increased GDP rate may not impact people's lives.The relationship between poverty eradication and economic growth is that India has a vast scope for poverty reduction and inequality with several economic development activities.
After the situations of Covid-19, these questions are rising continuously.
The stages of development greatly impact the eradication of poverty; hence, India must focus on economic improvement to abolish the people from poverty.The government is increasing its spending on the social sector due to the effect of Covid-19.
To access the online training classes, the students need a laptop, smartphone, or computer.
There is controversy brewing on a study co-authored by some economists about the number of poor people in India.
The confusion created has taken away attention from the actual takeaways of the study.
Education is vital because it enables people to know their rights and responsibilities toward their family, society, and country while also providing them with knowledge, skill, technique, and knowledge.We acquire knowledge of the planet around us through education.
People need a solid education to thrive in today's competitive environment.
The following are some of the areas where education can be beneficial: Poverty Reduction Education aids in the poverty alleviation since an educated person can obtain a good job and satisfy all of his family's fundamental wants and requirements.
Domestic violence and other societal ills are less likely to affect an educated individual.
These forms of productive activities generate information that helps people live better lives.
Trade and Commerce A good education entails more than just going to school or college and receiving a diploma or degree.