Question

State with reasons whether you agree or not.

There are many consequences of poverty in Indian economy.

Answer 1

Yes, we agree with the statement that there are many consequences of poverty in India. These consequences can be understood with the help of various influences that poverty has on India. As poverty influences each and every sphere of a country, may it be economical or social, some of such effects or influences are adverse impacts on productivity and distribution, misallocation and exploitation of resources, environmental damage, population growth and much more. Thus, we can say that poverty has various adverse consequences in Indian economy.