Given below are some statements. Read them carefully and choose the correct statement (s) from the given options.

Statement 1: Poverty is closely related to nature of employment in India.     

Statement 2: The unequal distribution of income and assets has also led to the persistence of poverty in India.     

Both statements are correct.

The correct answer is Option 3: Both statements are correct.

Statement 1: Poverty is closely related to nature of employment in India. This is true. Unemployment or under employment and the casual and intermittent nature of work in both rural and urban areas that compels indebtedness, in turn, reinforces poverty.

Statement 2: The unequal distribution of income and assets has also led to the persistence of poverty in India. This is also true because the unequal distribution of income and assets in India means that a small minority of people hold a disproportionate amount of wealth,while the majority struggle to meet their basic needs. This inequality perpetuates poverty and makes it difficult for people to improve their circumstances.