The government’s sustained policy efforts are yielding tangible results, strengthening the foundations for inclusive growth and greater economic opportunity, Union finance minister Nirmala Sitharaman said on Friday, citing a World Bank report that showed a sharp reduction in India’s poverty levels between 2011 and 2023.
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Extreme poverty in India falls to 2.6% from 27.1%: World Bank | Mint
As many as 496 million people moved above the lower-middle-income poverty line of $4.20 a day between 2011 and 2023, according to the World Bank’s October 2026 Poverty & Equity Brief.
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