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World Bank hails India's poverty reduction offering lessons for developing countries
- New Delhi, November 9 (IANS): India's sharp reduction in poverty over the past decade driven by sustained economic growth, rising consumption, expanding employment and social protection, offers important lessons for developing countries, a new report has said after World Bank said that Indians living in extreme poverty fell to 2.6 per cent in 2023 from 27.1 per cent in 2011.The report from Bangladesh-based 'The Business Standard' said India lifted around 496 million people out of extreme poverty, more than the population of the US and Russia combined, marking "fastest poverty declines in the…
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