Extreme Poverty in India Nears Elimination
A World Bank report confirms that Extreme Poverty in India has fallen below 1%, reflecting remarkable economic progress. Researchers Surjit Bhalla and Karan Bhasin analyzed data until July 2024, showing that nearly all Indian households now surpass the $2.15 per day threshold. Key factors include agricultural growth, rising rural wages, urban migration, and government welfare programs. Experts call for a revised poverty line to align with India's evolving economic landscape.
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#indiarising #povertyeradication #economicgrowth #newindia #worldbank #indiadevelopment #ruraltransformation
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