India officially eliminated extreme poverty, according to Brookings, with 2.9% annual growth in real per capita consumption since 2011-12.

India has officially eliminated extreme poverty, according to a US-based think tank, Brookings. The report, authored by Surjit Bhalla and Karan Bhasin, cites data that shows a 2.9% per annum growth in real per capita consumption since 2011-12, with rural growth at 3.1% higher than urban growth of 2.6%. The report also highlights a significant decline in urban and rural inequality.

March 02, 2024
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