PM Modi says 49 crore people have come out of poverty in 12 years, economic inequality has also decreased, 13.4 crore employment opportunities created in 6 years

PM Modi said that between 2011 and 2023, 49.6 crore people came out of poverty in India. During this period, the rate of extreme poverty in the country decreased by 90%. Quoting a World Bank report, Modi said that eradicating poverty is not just a slogan for the government, but a firm resolve. Modi also said that 13.4 crore new employment opportunities have been created in the last 6 years. This number is almost double the increase in the working-age population. He also said that economic inequality has decreased in the country. The Prime Minister shared these figures through a post on Instagram. The Prime Minister said that eradicating poverty is not just a slogan for the government, the World Bank released a report titled 'India Poverty and Equity Brief' in October. According to him, the extreme poverty rate in India was 27.1% in 2011, which came down to 2.6% in 2023. Modi said that according to the World Bank, poverty in India has reduced the fastest in the world. He also referred to the Gini Index, which measures economic inequality. According to him, it has decreased by more than 20% and it has come down to 23.0. According to the report, the population of people earning less than about 400 rupees ($4.20) per day has decreased from 57.7% to 16.1%. It is estimated that this figure will increase to 12.1% by 2028. 3 Reasons for Poverty Decline: Consumption Increased, Women Got Employment Improvement in Housing and Basic Amenities Poverty reduction has not been limited to income alone. People's access to housing and basic facilities has also improved. Now more people than before have facilities like pucca houses, electricity, clean water, toilets and cooking gas. According to an Oxford report, in 2005-06, 53.8% of the country's population was deprived of these basic facilities. By 2019-21, this figure had declined to 16.4%. On the other hand, non-monetary poverty declined to 15.5% in 2022-23 as per the World Bank benchmark. Challenges: 57% of the country's poor in the areas between Uttar Pradesh to West Bengal, according to the World Bank, despite the decline in poverty, many challenges persist in the country. About 57% of India's total poor live in the areas between Uttar Pradesh and West Bengal. It is necessary to create new and better employment opportunities in these areas.