India lifts 171 million 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%. This achievement translates to 378 million individuals being lifted out of poverty when using a poverty line of $3.65 per day. However, despite this progress, the country still faces challenges such as youth unemployment and gender disparities in employment, even as overall employment rates continue to rise. The data highlights the need for continued efforts to address these issues and ensure inclusive economic growth for all segments of society.

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