Extreme poverty in India decreases from 271 million to 26 million between 2011 and 2023, according to the Finance Minister.

India has made significant strides in reducing extreme poverty over the past decade, with the percentage of individuals living in extreme poverty dropping from 27.1% in 2011 to just 2.6% in 2023. This remarkable achievement was highlighted by Finance Minister Nirmala Sitharaman during a recent address.

Sitharaman emphasized that this reduction in extreme poverty is a testament to the governments commitment to improving the living standards of its citizens. She noted that the decline reflects the effectiveness of various welfare schemes and economic reforms implemented by the government, aimed at uplifting the marginalized sections of society.

The Finance Minister pointed out that the governments focus on inclusive growth has played a crucial role in this transformation. Initiatives such as direct cash transfers, food security programs, and skill development initiatives have been pivotal in providing support to those in need. These programs have not only helped in alleviating poverty but have also empowered individuals to become self-reliant.

Sitharaman also mentioned that the governments efforts have been recognized globally, with India being lauded for its progress in poverty alleviation. The World Bank and other international organizations have acknowledged Indias achievements in reducing poverty levels, which is a significant milestone for the country.

Furthermore, the Finance Minister highlighted that the government remains committed to continuing its efforts to eradicate poverty entirely. She stated that while the reduction in extreme poverty is commendable, there is still work to be done to ensure that all citizens have access to basic necessities and opportunities for growth.

In conclusion, the decline in extreme poverty in India from 27.1% to 2.6% over the past twelve years marks a significant achievement for the nation. The governments focus on inclusive growth and targeted welfare programs has played a vital role in this progress. As India moves forward, the commitment to further reduce poverty and improve the quality of life for all citizens remains a top priority.