'Reason why NDA govt wins trust': Sitharaman cites World Bank's poverty reduction findings
Finance Minister Nirmala Sitharaman cited a World Bank report claiming India has achieved one of the fastest poverty reduction rates globally between 2011 and 2023. She attributed this success to the economic policies of the NDA government.
Why it matters
The report serves as a key political talking point for the government to validate its economic performance and social welfare initiatives.
NEW DELHI: Finance minister Nirmala Sitharaman on Friday cited the World Bank's October 2026 Poverty and Equity Brief, saying India had recorded one of the fastest declines in poverty globally.She also credited the government's policies under Prime Minister Narendra Modi for the progress, saying it was the reason the NDA continued to enjoy people's trust and mandate.In a post on X, Sitharaman highlighted six key findings from the report, covering poverty reduction, employment growth, women's participation in the workforce, improvements in household welfare and access to electricity.Sharing the findings, Sitharaman said, "The World Bank’s October 2026 Poverty & Equity Brief records India’s progress as one of the fastest poverty declines in the world."The six key findings highlighted by the finance minister were:Poverty reduction: 49.6 crore people moved above the lower-middle-income poverty line of $4.20 a day between 2011 and 2023, with the poverty rate declining from 57.7% to 16.1%.Decline in…
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