India has experienced a significant reduction in its poverty headcount ratio over the past nine years, plummeting from 29.17% in 2013-14 (Projected) to a striking 11.28% in 2022-23 (Projected), as revealed in a recent NITI Aayog report. The discussion paper, released today, January 15, underscores the nation's substantial progress in combating poverty. According to the report on Multidimensional poverty in India since 2005-06, an estimated 24.82 crore individuals have successfully escaped multidimensional poverty during this period, marking a noteworthy achievement in the country's socio-economic landscape. Arvind Panagariya, Former Niti Aayog Vice-Chairman, Appointed as Head of 16th Finance Commission.

India Sees Steep Decline in Poverty

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