Brief by Shorts91 Newsdesk / 12:57pm on 02 Mar 2024,Saturday India Global
In a groundbreaking report, the Brookings Institution lauds India's achievement in eliminating extreme poverty, attributing it to robust government policies. Authored by economists Surjit Bhalla and Karan Bhasin, the study showcases a significant decline in poverty ratios and a surge in household consumption. This challenges previous World Bank estimates, indicating a lower poverty count in India. Factors such as high economic growth and reduced income inequality contributed to this success. The report underscores India's potential as a global economic powerhouse, especially amidst global economic downturns in countries like Japan and the UK.
