According to a recent World Bank report, India has made remarkable strides in poverty alleviation over the past decade, with the percentage of people living in extreme poverty dropping from 16.2% in 2011-12 to just 2.3% in 2022-23. This progress has resulted in a staggering 171 million individuals being lifted above the poverty line. The report highlights the narrowing rural-urban disparity in poverty levels and India’s successful transition into the lower-middle-income category. These findings underscore the country’s efforts towards achieving sustainable development goals and improving the quality of life for its citizens. The World Bank report serves as a testament to India’s commitment to eradicating poverty and fostering inclusive growth.

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India’s Poverty Reduction Success: 171 Million Lifted Out in 10 Years, World Bank Report Shows
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