World Bank Praises India’s Success in Lifting 17 Crore People Out of Poverty
India has made significant progress in reducing poverty, according to a recent report by the World Bank. The report highlights that extreme poverty in India has fallen to a remarkable 2.3% in 2022-23, down from 16.2% in 2011-12. This staggering achievement has lifted a massive 17.1 crore people out of poverty, making India a shining example of success in poverty reduction.
The report, which was released recently, is a testament to the government’s efforts to create a more equitable and prosperous society. The data suggests that India’s employment growth has outpaced the working-age population since 2021-22, indicating a strong and sustainable economic growth.
The World Bank’s report is a significant achievement for India, as it highlights the country’s progress in reducing poverty and improving the lives of its citizens. The report is based on the estimates of the World Bank’s Poverty and Inequality team, which uses data from various sources, including the National Family Health Survey (NFHS) and the Global Consumption Database.
The report also highlights the significant progress made by India in reducing poverty among certain segments of the population. For instance, the report notes that the poverty rate among women has decreased by 12 percentage points since 2011-12, while the poverty rate among children under the age of 15 has decreased by 14 percentage points.
The report also highlights the importance of education and healthcare in reducing poverty. According to the report, education and healthcare are critical factors in reducing poverty, as they provide individuals with the skills and knowledge needed to access better-paying jobs and improve their overall well-being.
The report also emphasizes the need for continued support and investment in these areas to ensure that the progress made in reducing poverty continues. The report notes that the government’s efforts to improve access to education and healthcare, particularly in rural areas, are critical to ensuring that poverty reduction continues.
The World Bank’s report is a significant achievement for India, as it highlights the country’s progress in reducing poverty and improving the lives of its citizens. The report is a testament to the government’s efforts to create a more equitable and prosperous society, and it provides a roadmap for future policy-making.
The report’s findings are also significant for the global community, as they highlight the importance of poverty reduction in achieving the United Nations’ Sustainable Development Goals (SDGs). The SDGs, which were adopted in 2015, aim to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity.
The World Bank’s report is a significant achievement for India, as it highlights the country’s progress in reducing poverty and improving the lives of its citizens. The report is a testament to the government’s efforts to create a more equitable and prosperous society, and it provides a roadmap for future policy-making.
In conclusion, the World Bank’s report is a significant achievement for India, as it highlights the country’s progress in reducing poverty and improving the lives of its citizens. The report is a testament to the government’s efforts to create a more equitable and prosperous society, and it provides a roadmap for future policy-making.
Source: https://x.com/nsitharaman/status/1915688167312871719
