Question

“Rapid increase in economic growth surely trickles down to the people under the absolutely poor category.”

Defend or refute the given statement with a valid argument.

Answer 1

Although rapid economic growth is essential for reducing poverty, it alone is not enough to eliminate poverty completely. This is because the benefits of growth may not automatically reach those living in absolute poverty. Therefore, accelerated growth must be accompanied by a more equal distribution of income. The gains of growth should reach the poorer sections of society, and the additional income generated should not be captured only by the already rich people.