Can ordinary people of developing/underdeveloped countries who do not get even the basic amenities really survive in an economic growth through reduction of bank rates and investment in stock markets ?
Sure its okay.
Depending on what you mean by "ordinary" people, I'll assume middle class, reducing interest rates would make it more affordable to get a loan. So I believe it would be beneficial for developing/underdeveloped countries because that sparks growth in business and the economy in general.
If the developing country had a stock market, people who have the funds to invest into it would be wise to do so while interest rates are low.
or..maybe I don't understand your question :\
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