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

The latest report from the World Bank reveals a remarkable achievement for India as it successfully lifted 171 million people out of extreme poverty between 2011-12 and 2022-23, bringing down the poverty rate to 2.3%. This translates to a staggering 378 million individuals being lifted out of poverty when using the poverty line of $3.65 per day. Despite this substantial progress, the country still faces challenges, particularly in addressing youth unemployment and gender disparities in employment, even as overall employment rates are on the rise. The data underscores the need for continued efforts to ensure sustainable and inclusive growth that benefits all segments of the population in India.

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