Tag Archives: economic growth

Economic Growth: Effective Measure for Reducing Poverty

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For reducing a problem like poverty, economic growth can be selected as an effective measure. Prominent organizations like RR Holdings believe growth to be beneficial not only for an economy but for the poor as well. Seeing it from this perspective, such organizations opine that poverty can be eliminated when an economy is on the path of growth. A growing economy creates conditions that enable the poor to improve their status and become contributing members. RR Holdings itself is contributing a lot to the economic development of Bangladesh and the Asian region.

Creating Policies for the Benefit of Poor

An economy that is focused on growing, instead of keeping its graph stagnant, will formulate several policies for completing its respective goals. These goals will be focused on the overall growth of the economy. This means that they will take into consideration a range of areas that can positively contribute to making a nation better.

As a part of these goals, reducing poverty will secure an important position. Organizations like RR Holdings suggest that nations that wish to grow will focus on reducing poverty by improving the living standards of the poor. For improving the standards, such nations need to create policies that will benefit the poor. These benefits can be inclusive of creating employment, introducing affordability, etc.

Increasing Investments for Poverty Alleviation

Based on its experience, certain organizations have seen that increasing investments in several sectors of an economy can help in promoting policies for benefiting the poor. These investments will also add to the growth of these sectors. As a result of the same, greater employment opportunities will be made in these sectors. In addition, these investments can make commodities affordable for people. Thus, there will be better chances of poor people affording those commodities or services for improving their standards of living.

In Review

The increase in poverty can be limited by adding to the growth of an economy. On top of that, this problem can also be alleviated by creating policies for economic growth. Functioning in the favor of the poor, these policies can be implemented with ease. This will speed up the process of increased economic growth and reduced poverty.

Also Read: RR Holdings Limited Believes LPG is Good for Consumers and Environment

India’s real estate sector on the path of growth: report

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The economic changes taking place in India, increasing the number of workers and increasing urbanization will increase investment opportunities in the real estate sector in the next decade. This estimate has been expressed in a report. Giving this information in the joint report released by CREDAI and CBRE at the real estate conference here, it is said that in the coming time, there will be an increase in demand for properties in residential area, office, retail and warehouse sector in India.

CBRE said in the report that the real estate sector will grow rapidly by 2030, spearheading new asset categories such as working together, living together, residential facilities for students and real estate investment trusts. The report said that by 2030, the size of office-related assets will increase to one billion square feet and it will have eight-10 percent share in the flexible working area.

According to the report, by 2030 the retail stores stock will reach 120 million square feet and storage stock will reach 50 crore square feet. During this period, the residential sector is expected to almost double from the existing 1.5 million units. CREDAI-CBRE report states, “With the changes in the Indian economy and the expansion of its workforce, it will have huge potential for growth and investment in the real estate sector.”

Along with the development of cities in India, it will also have an impact on the environment of the construction sector. During this time, issues related to technology, demographic and environment will become carriers of new values. In his response to the report, CREDAI President Satish Magar said, “India will remain a high priority market in terms of long-term growth potential.” This is proved in view of the increasing investment in the area during the last few years.

Anshuman Magazine, chairman and CEO of CBRE, India, South East Asia, West Asia and Africa, said, “With positive policy reforms and the emergence of a strong workforce, the pace of economic growth in India remains stagnant and in the coming ten years it will only be Will move strongly.