India lifts 17 crore out of poverty, employment growth outpaces population: World Bank

World Bank Endorses PM Modi's Claim of Reducing Poverty in India

Get latest articles and stories on Business at LatestLY. Extreme poverty (living on less than USD 2.15 per day) fell from 16.2 percent in 2011-12 to 2.3 percent in 2022-23, lifting 171 million people in Indian above this line, according to a report by World Bank. Business News | World Bank Endorses PM Modi's Claim of Reducing Poverty in India.

India lifts 17 crore out of poverty, employment growth outpaces population: World Bank

World Bank reports India's significant progress in poverty reduction and employment growth, with rural-urban gap narrowing and Gini index improving.

Mexico is the economy of Latin America and the Caribbean where poverty reduction has accelerated most in recent years, reported the World Bank (WB), while at the same time publicizing its prospects of zero growth for the country this year and 1.1 percent in 2026.

Tendency downwards from poverty confirms that the actions carried out by the current administration are producing good results. IMAS has modernized and improved the way to care for populations in extreme poverty and basic poverty. The trend towards a decrease in poverty shows that the present administration is generating changes in favor of populations with the most difficult socio-economic situations. Recently, the Institute of Economic Science…

The reduction of poverty in Mexico, recognized in the most recent report of the World Bank, was mainly the result of the constant increase to the minimum wage initiated in 2019, as well as other prolaboral measures, such as the disappearance of outsourcing and the implementation of Welfare Programs, highlighted President Claudia Sheinbaum Pardo. In a brief [...] The post Sheinbaum celebrates World Bank report on poverty reduction appeared first …