PM Modi Highlights Historic Decline in India's Extreme Poverty, Citing World Bank Report

Prime Minister Narendra Modi, during a recent address, cited a World Bank report to underscore a historic decline in extreme poverty in India. The report, released by the international financial institution, highlights a sharp reduction in the proportion of Indians living below the poverty line. Modi used the findings to illustrate the effectiveness of the government's poverty‑reduction initiatives and to reaffirm its commitment to inclusive growth. He emphasized that the progress is a collective achievement, reflecting the efforts of both the public and private sectors.

The World Bank's analysis points to a steady downward trend in poverty rates over the past decade, attributing the decline to a combination of economic growth, targeted welfare schemes, and improved employment opportunities. Modi noted that the data serves as a benchmark for future policy planning and underscores the need to sustain momentum in poverty alleviation.

In his remarks, the Prime Minister also highlighted the importance of continued investment in education, healthcare, and rural development to ensure that the gains are durable and reach the most vulnerable communities. He called on all stakeholders to work together to maintain the trajectory of poverty reduction and to strive for a more equitable society.