India rewrites its poverty story, 496 million people move beyond poverty line
Nearly 496 million people in India have moved above the World Bank poverty threshold for lower-middle-income countries. Extreme poverty in the country dropped to 2.6 percent. This is a decrease from a previous rate of 31 percent. Rural poverty also saw a significant plunge. The country now faces the challenge of converting these economic gains into lasting prosperity.
• India’s next big challenge is turning economic gains into lasting prosperity • A turning point, extreme poverty drops to just 2.6%; rural poverty plunges; extreme poverty falls from 31% to 3.1% India has recorded a remarkable shift in its socioeconomic landscape, with nearly 496 million people moving above the World Bank’s lower-middle-income poverty threshold … The post India rewrites its poverty story, 496 million people move beyond poverty line appeared first on Times Kuwait .