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India has made significant strides in reducing extreme poverty over the past few years, according to a recent report by the Brookings Institution. The report, titled “India’s Progress Towards Poverty Elimination: 2024 Update,” highlights the country’s impressive achievements in lifting millions of people out of extreme poverty.

According to the report, India has effectively eliminated extreme poverty, defined as living on less than $1.90 a day, by 2024. This milestone marks a remarkable turnaround for the country, which has long struggled with widespread poverty and inequality.

One of the key factors contributing to India’s success in reducing poverty is its strong economic growth. The country has experienced significant economic development over the past decade, with GDP growth averaging around 7% per year. This sustained growth has helped create millions of new jobs and lifted many people out of poverty.

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Additionally, the Indian government has implemented several social welfare programs aimed at reducing poverty and improving living standards for the most vulnerable populations. Programs such as the National Rural Employment Guarantee Act (NREGA), which provides rural households with 100 days of guaranteed wage employment, have played a crucial role in reducing poverty.

Another important factor contributing to India’s progress in poverty elimination is improved access to education and healthcare. The government has made significant investments in these sectors, leading to higher school enrollment rates and improved healthcare outcomes for the population.

Despite these positive developments, the report also highlights that poverty remains a significant challenge in India. While extreme poverty has been eliminated, many people still live in poverty and face barriers to accessing basic services and opportunities. To sustain the progress made so far and continue the fight against poverty, the government must continue to invest in social welfare programs and policies that support inclusive growth.

Overall, the Brookings report is a testament to India’s progress in reducing poverty and improving the lives of millions of people. By continuing to prioritize poverty elimination and inclusive development, India can build on its achievements and create a brighter future for all its citizens.

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