India has made a new record of eradicating poverty fastest in the world. According to the World Bank, between 2011 and 2023, 49.6 crore people have come out of poverty in the country. During this period, the extreme poverty rate in India has reduced from 27.1% to just 2.6%. The World Bank says that India has reduced poverty the fastest in the world. Poverty has also declined at the middle class level. According to the report, the number of people earning less than ₹400 ($4.20) per day has also declined from 57.7% to just 16.1%. The World Bank estimates that by the year 2028 this figure will come down to 12.1%. However, this estimate may change depending on new employment and economy data. 3 reasons for poverty decline: Consumption increased, women got employment. Big decline in non-monetary poverty too. Not only in terms of earnings or money, but there has also been a lot of improvement in the standard of living and facilities of the common people…
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49.6 crore people moved out of poverty line: Those earning ₹400 per day decreased from 57.7% to 16.1%; benefited from women’s jobs
