India Lifts 171 Million People Out of Extreme Poverty, but Challenges Remain: World Bank Report

According to a recent report by the World Bank, India has made remarkable strides in reducing extreme poverty, with 171 million people lifted out of poverty between 2011-12 and 2022-23, bringing the poverty rate down to 2.3%. The report also highlights that a total of 378 million individuals were lifted out of poverty when using a poverty line of $3.65 per day. Despite these achievements, India still faces challenges such as youth unemployment and gender disparities in employment, even as overall employment rates are on the rise. This progress underscores the need for continued efforts to address these issues and ensure sustainable growth and development in the country.

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