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The data revealed that rural extreme poverty fell from 18.4% to 2.8%, while urban poverty dropped from 10.7% to 1.1% during the period

India sees sharp decline in extreme poverty, says World Bank report

PGurus Newsdesk - June 7, 2025 0

Over 269 million lifted out of poverty since 2011-12 India has made significant progress in reducing extreme poverty over the past decade, with the latest...

In its report titled India Poverty and Equity Brief, the multilateral agency said that extreme poverty—defined as living on less than $2.15 per day—fell to 2.3% of the population in 2022–23, down from 16.2% in 2011–12

India lifted 171 million people from extreme poverty between 2011-12 and 2022-23: World Bank

Team PGurus - April 26, 2025 1

India’s triumph in combating poverty The World Bank’s latest report says India has lifted 171 million people from extreme poverty in the decade between 2011-12...

World Bank Chief says a lot of that growth is in India, is driven by the domestic market as well, which actually is a healthy sign

India’s growth rate among shiniest in global economy: World Bank Chief Ajay Banga

PGurus Newsdesk - October 18, 2024 1

World Bank Chief highlights India’s stellar growth rate On Thursday, World Bank President Ajay Banga highlighted that India's growth rate stands out as the brightest...

Overall scenario in Pakistan shows a very grim and weak picture of its economy and the growth forecasts for at least 3 years or more

Over 10 million Pakistanis, 1 million Bangladeshis may slip below poverty line: World Bank

PGurus Newsdesk - April 4, 2024 2

WB report warns of persistent rise in inflation and cost-of-living crisis The World Bank has cautioned that over 10 million Pakistanis may fall below the...

India's statistics ministry pegged the current year's growth rate at 7.6%, 30 basis points higher than its first advance estimate of 7.3%

World Bank rises India FY25 growth projection to 6.6%; pegs FY24 GDP at 7.5%

PGurus Newsdesk - April 3, 2024 0

Growth in South Asia is projected at 6.0–6.1% in 2024–25 largely due to robust economic activity in India, says World Bank The World Bank on...

Declining inflation, strong labour markets in high-income source countries are main factor behind rising remittances to India

India tops global remittances list for 2023 with $125 bn inflow: World Bank

PGurus Newsdesk - December 19, 2023 0

India's inward remittances now account for 3.4% of the country’s gross domestic product The inward remittances to India in 2023 increased by 12.3 percent to...

Pakistan's human development outcomes lag well behind the rest of South Asia and are roughly equivalent to those in many Sub-Saharan African countries

Pakistan’s economy on edge of precipice, warns World Bank

PGurus Newsdesk - September 23, 2023 0

World Bank urges consensus on reforms to revive Pakistan’s ailing economy Pakistan is in its tipping point crisis where it should decide to remain a...

Ajay Banga, Jaishankar discussed India’s endeavors to strengthen regional connectivity, promote regional prosperity & propel larger development

World Bank President Ajay Banga meets Dr. S Jaishankar, Nirmala Sitharaman

PGurus Newsdesk - July 20, 2023 0

World Bank chief Ajay Banga met External Affairs Minister Dr. S. Jaishankar and Finance Minister Nirmala Sitharaman World Bank President Ajay Banga met Foreign Minister...

Ajay Banga is on his first visit to India after taking over the charge of the global lender

India has come out strong from challenges posed by Covid, needs to maintain momentum:...

Team PGurus - July 19, 2023 0

World Bank chief lauds India; says it emerged relatively stronger from Covid pandemic India has come out strong from the challenges posed by the Covid...

The additional financing will expand and deepen the state's resilience to mitigate impacts of coastal erosion by building a shoreline management plan

Resilient Kerala Program: World Bank approves $150 million loan

PGurus Newsdesk - June 17, 2023 0

Resilient Kerala Program: World Bank accepts additional financing to build climate resilience in Kerala Board of Directors of the World Bank has approved a $150...