India's extreme poverty rate declined sharply to 5.3% over a decade from 27.1% in 2011-12 even as the World Bank revised upwards its threshold poverty line to USD 3 per day. Given India's inflation ...
New Delhi: In a stark contrast, India has made significant strides in reducing poverty, lifting 171 million people out of extreme poverty between 2011-12 and 2022-23, according to the World Bank.
In a striking announcement this April, the World Bank claimed that India has successfully lifted 171 million people out of extreme poverty over the decade spanning 2011-12 to 2022-23. According to its ...
The World Bank says that India has made radical strides in eliminating extreme poverty. The reality on the ground is more complicated.