Poverty

February 4, 2025 11:28 PM

25 crore people lifted out of poverty in last 10 years; 5 crore houses built for poor: PM Modi

Prime Minister Narendra Modi highlighted in Parliament on Tuesday that his government has succeeded in lifting 25 crore people out of poverty in the last 10 years, provided tap water to 16 crore homes, and built 5 crore houses for poor families, as it has been working “tirelessly” to implement schemes for the economic development of the country. Replying to the Motion of Thanks on the President’s address in the Lok Sabha, PM Modi said: "In the past 10 years, people gave us the opportunity...

January 3, 2025 4:30 PM

India’s poverty rate falls below 5% in 2024, extreme poverty nearly eradicated: SBI Report

In 2024, India’s poverty rate has fallen below 5%, with extreme poverty nearly eradicated, according to a research study by the State Bank of India (SBI). The report estimates that national poverty rates are now between 4-4.5%, marking a significant improvement in living conditions across the country. SBI’s findings, supported by data from the government’s Consumption Expenditure Survey, show that rural poverty dropped to 4.86% in FY24, a sharp decline from 7.2% in FY23 and 25.7% in FY12...

October 9, 2024 1:19 PM

India makes significant progress in poverty reduction, electrification, clean water, and sanitation: UNFPA

India has made remarkable progress in reducing poverty, expanding electrification, and improving access to clean water and sanitation, said Natalia Kanem, Executive Director of the United Nations Population Fund (UNFPA). In an interview during her three-day visit to India, Kanem commended the country for its transformative achievements. "When I look back at the state of poverty, which has significantly reduced, the advancements in electrification, and the aspirations for clean water and sanitar...

September 16, 2024 5:22 PM

Economic Survey 2024: Social Welfare Push for Inclusive Growth

The Economic Survey 2023-24 highlights the government's sincere efforts towards inclusive growth through its focus on social welfare. These efforts aim to improve capabilities and enhance opportunities for the underprivileged sections of society. The survey emphasizes increased expenditure on social services, a sharp decline in multidimensional poverty, and a reduction in income inequality and the rural-urban divide. The expenditure on social services has seen a substantial rise, increasing fr...