India’s Remarkable Progress in Poverty Eradication: An Analytical Review

Over the past decade, India has made unprecedented progress in poverty eradication, lifting 171 million people out of extreme poverty. The poverty rate below the $2.15/day international line fell from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, driven by inclusive growth, targeted welfare schemes, rural and urban development, and financial inclusion. Significant reductions occurred across regions and income levels, narrowing rural-urban divides and multidimensional poverty. Key states contributed heavily, while employment growth, especially among rural women, strengthened empowerment. Despite challenges like regional disparities and climate risks, India’s holistic approach offers a valuable model for sustainable poverty reduction.