India lifts 171 million out of extreme poverty, but challenges remain: World Bank’s latest report

According to the latest report from the World Bank, India has made remarkable strides in reducing extreme poverty, lifting 171 million people out of poverty between 2011-12 and 2022-23, bringing the poverty rate down to 2.3%. This progress translates to 378 million individuals being lifted out of poverty when using a poverty line of $3.65 per day. Despite these impressive numbers, India still faces challenges such as youth unemployment and gender disparities in employment, even as overall employment rates continue to rise. The World Bank’s findings underscore the need for continued efforts to address these issues and ensure sustainable progress towards poverty alleviation in the country.

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