In a breakthrough for India’s fight against poverty, the Modi government has made substantial progress in reducing the number of people living in extreme poverty. According to the World Bank’s latest report, the percentage of people living in extreme poverty in India has seen a dramatic decline over the last decade. From 27.1% in 2011-12, the poverty rate has fallen to just 5.3% by 2022-23, marking a significant achievement.
Modi govt’s success: India’s poverty rate drops from 27.1% to 5.3% in a decade, says World Bank
