Sensation at Ramlila Rally! Major Announcement from the World Bank, Rahul Gandhi | Capital TV
A recent World Bank report reveals a significant decline in poverty across India between 2011 and 2023. According to the findings, nearly 496 million people have successfully moved out of poverty during this period. The extreme poverty rate experienced a sharp drop, falling from 27.1 percent down to 2.6 percent. Researchers attribute this positive trend to increased household consumption, expanded employment opportunities, and broader access to various government welfare schemes. The assessment highlights that poverty reduction occurred at a faster pace in rural regions. However, the report also points out persistent economic gaps across different states, education levels, and age groups. Furthermore, it raises critical questions regarding job quality, real earnings, youth unemployment, and income inequality, emphasizing the ongoing challenge of achieving lasting improvements in overall household living standards.
A new World Bank report highlights a major reduction in poverty in India between 2011 and 2023. According to the report, 496 million people moved out of poverty, while the extreme poverty rate fell from 27.1% to 2.6%. The assessment points to rising household consumption, expanding employment opportunities and wider access to government welfare schemes as key factors. It also notes faster poverty reduction in rural areas, while persistent gaps remain across states, education levels and age groups. The report raises important questions about job quality, real earnings, youth unemployment and income inequality. What will it take to turn poverty reduction into lasting improvements in household incomes and living standards?
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