Which of the following is the most accurate reason for the persistence of poverty in India despite economic growth?

CA Foundation · Business Economics · MTP · January 2025
Which of the following is the most accurate reason for the persistence of poverty in India despite economic growth?
(A) A. Low level of foreign investment in rural areas
(B) B. High inequality in the distribution of income and resources
(C) C. Limited development in urban sectors
(D) D. Lack of a social security system for the working population

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. High inequality in the distribution of income and resources

Topics: Indian Economy

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