According to the latest report by the World Bank, India has made remarkable strides in reducing extreme poverty, lifting an impressive 171 million people out of poverty between 2011-12 and 2022-23, bringing the poverty rate down to 2.3%. The report highlights that when using a poverty line of $3.65 per day, a staggering 378 million individuals have been lifted out of poverty during this period. This significant progress is commendable; however, India still faces challenges such as youth unemployment and gender disparities in employment, despite an overall increase in employment rates. The efforts to address these challenges are crucial for sustaining and further enhancing the country’s economic growth and social development. The World Bank’s findings underscore the importance of continued efforts to create more job opportunities, especially for the youth, and to promote gender equality in the workforce. India’s progress in poverty reduction is a testament to the effectiveness of various government initiatives and policies aimed at improving the living standards of its citizens. By addressing the remaining challenges and building on the achievements so far, India can continue on its path towards inclusive growth and sustainable development.

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India lifts 171 million out of extreme poverty, but challenges remain: World Bank’s report shows significant progress.
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