PM Modi cities World Bank report to highlight ‘historic’ fall in India’s extreme poverty
Prime Minister Narendra Modi cited a World Bank report claiming a historic decline in India's extreme poverty, noting that nearly 500 million people moved out of poverty between 2011 and 2023. He contrasted these results with previous government slogans, emphasizing his administration's commitment to development.
Why it matters
This report is a significant political talking point regarding the efficacy of current economic policies and poverty alleviation programs in India.
New Delhi Prime Minister Narendra Modi has applauded a World Bank report that said that India has recorded one of the fastest poverty declines in the world. https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099722104222534584 India made ‘remarkable progress’ in reducing poverty: World Bank storyline 1 In a post on Instagram featuring the inspiring and energetic song ‘Thaan Liya’ from the Bollywood movie ‘Dasvi’ as background music, Mr. Modi highlighted that the “historic" drop in poverty represents a generational surge in opportunities. The Prime Minister also taunted the Congress over its decades-old ‘Garibi Hatao' campaign, asserting that eradicating poverty was never just a slogan for his government, but a steadfast commitment.
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