India Lifts Over 170 Million People Out of Poverty: World Bank Report Sparks Political Credit War
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Massive Decline in Extreme Poverty, Says World Bank According to the World Bank’s latest "Poverty and Equity Brief" report, extreme poverty in India has dramatically declined between 2011-12 and 2022-23. The number of people living below the international poverty line (USD 2.15/day) dropped from 16.2% to just 2.3% , lifting 171 million people above extreme poverty. The findings also highlight a sharp fall in rural poverty from 18.4% to 2.8% , and a decrease in urban poverty from 10.7% to 1.1% during this period. The rural-urban poverty gap has significantly narrowed from 7.7 to 1.7 percentage points , indicating faster poverty alleviation in rural India. Government Claims Success of Inclusive Development Model The Narendra Modi-led Central Government quickly welcomed the World Bank's findings. The Ministry of Information and Broadcasting issued a statement calling it a "decisive victory" against poverty and an endorsement of the government’s pro...