Sitharaman Cites World Bank Report on India's Rapid Poverty Reduction
Finance Minister Nirmala Sitharaman cited the World Bank's October 2026 Poverty and Equity Brief, highlighting India's rapid poverty decline as one of the fastest globally. Between 2011 and 2023, 49.6 crore people rose above the $4.20 daily poverty line, with poverty falling from 57.7% to 16.1%. Extreme poverty dropped from 27.1% to 2.6%. She credited Modi government's policies for this progress and continued public trust in the NDA.
TOI Business··New Delhi



