Latest news with #Spring2025PovertyandEquityBrief
India Gazette
5 days ago
- Business
- India Gazette
India ranks among top world's most equal societies: World Bank report
New Delhi [India], July 5 (ANI): India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank. Ranking fourth worldwide in income equality, India now stands just behind the Slovak Republic, Slovenia, and Belarus. 'It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering welfare support directly to those who need it most,' a release from the Social Welfare said. The Gini Index, a key measure of income distribution where 0 represents perfect equality and 100 denotes maximum inequality, places India ahead of advanced economies, including China (35.7), the United States (41.8), and all G7 and G20 countries. India's score has improved from 28.8 in 2011, reflecting steady progress in equitable growth. The country's strong performance in reducing poverty has played a central role in achieving greater equality. The World Bank's Spring 2025 Poverty and Equity Brief reports that 171 million Indians were lifted out of extreme poverty between 2011 and 2023. The poverty rate fell sharply from 16.2 per cent to just 2.3 per cent during this period, based on the USD 2.15 per day global poverty threshold. The release also highlights upon, government initiatives have underpinned this transformation. Flagship programs like PM Jan Dhan Yojana have expanded financial inclusion, with over 55 crore bank accounts. Aadhaar, India's digital ID system, now covers more than 142 crore individuals, streamlining welfare delivery through Direct Benefit Transfers, which saved Rs 3.48 lakh crore by March 2023. Healthcare equity has also improved through Ayushman Bharat, which provides Rs 5 lakh health coverage to families and has issued over 41 crore cards. The Stand-Up India scheme supports SC/ST and women entrepreneurs, while the PM Vishwakarma Yojana backs artisans with loans and training. PMGKAY, India's food security scheme, has benefited over 80 crore citizens, it added. (ANI)
Mint
5 days ago
- Business
- Mint
India ranks among top world's most equal societies, says World Bank report: What does it mean?
New Delhi [India], July 5 (ANI): India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank. Ranking fourth worldwide in income equality, India now stands just behind the Slovak Republic, Slovenia, and Belarus. "It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering welfare support directly to those who need it most," a release from the Social Welfare said. The Gini Index, a key measure of income distribution where 0 represents perfect equality and 100 denotes maximum inequality, places India ahead of advanced economies, including China (35.7), the United States (41.8), and all G7 and G20 countries. India's score has improved from 28.8 in 2011, reflecting steady progress in equitable growth. The country's strong performance in reducing poverty has played a central role in achieving greater equality. The World Bank's Spring 2025 Poverty and Equity Brief reports that 171 million Indians were lifted out of extreme poverty between 2011 and 2023. The poverty rate fell sharply from 16.2 per cent to just 2.3 per cent during this period, based on the USD 2.15 per day global poverty threshold. The release also highlights upon, government initiatives have underpinned this transformation. Flagship programs like PM Jan Dhan Yojana have expanded financial inclusion, with over 55 crore bank accounts. Aadhaar, India's digital ID system, now covers more than 142 crore individuals, streamlining welfare delivery through Direct Benefit Transfers, which saved ₹ 3.48 lakh crore by March 2023. Healthcare equity has also improved through Ayushman Bharat, which provides ₹ 5 lakh health coverage to families and has issued over 41 crore cards. The Stand-Up India scheme supports SC/ST and women entrepreneurs, while the PM Vishwakarma Yojana backs artisans with loans and training. PMGKAY, India's food security scheme, has benefited over 80 crore citizens, it added. (ANI)
Hans India
23-06-2025
- Business
- Hans India
PM Modi to open centenary celebration of Sree Narayana Guru, Mahatma Gandhi talks
New Delhi: Prime Minister Narendra Modi will on Tuesday inaugurate the centenary celebration of the historic conversation between two of India's greatest spiritual and moral leaders Sree Narayana Guru and Mahatma Gandhi on poverty alleviation and social justice, among others. In an event at Vigyan Bhawan, PM Modi is also likely to share his thoughts on issues ranging from upliftment of the downtrodden to unity. The historic conversation between Sree Narayana Guru and Mahatma Gandhi took place at Sivagiri Mutt on March 12,1925 during the latter's visit and centred around Vaikom Satyagraha, religious conversions, non-violence, abolition of untouchability, attainment of salvation and poverty. Organised by Sree Narayana Dharma Sanghom Trust, the celebration will bring together spiritual leaders and other members to reflect upon and commemorate the visionary dialogue that continues to shape India's social and moral fabric. 'It stands as a powerful tribute to the shared vision of social justice, unity, and spiritual harmony championed by both Sree Narayana Guru and Mahatma Gandhi,' said an official statement. PM Modi has paid special attention to poverty alleviation during his decade-long stint. In one of the key achievements of the past decade, India lifted 171 million people out of extreme poverty. The World Bank acknowledged India's decisive fight against poverty in its Spring 2025 Poverty and Equity Brief. According to the report, the proportion of people living on less than $2.5 a day, which is the international benchmark for extreme poverty, fell sharply from 16.2 per cent in 2011-12 to just 2.3 per cent in 2022-23. Officials said that this achievement is a testament to the government's commitment to inclusive development, focusing on both rural and urban areas. Through targeted welfare schemes, economic reforms, and increased access to essential services, India has made substantial strides in reducing poverty levels. The World Bank's Spring 2025 Poverty and Equity Brief highlights how these efforts have significantly impacted the lives of millions, narrowing the poverty gap across the country.
Time of India
17-06-2025
- Business
- Time of India
Bihar among select states in poverty reduction: Minister
Patna: Bihar is among the select states that have contributed significantly to the national decline in poverty, water resources development (WRD) minister Vijay Kumar Choudhary said on Tuesday. Speaking to the reporters at the JD(U) office, Choudhary referred to the recently released World Bank report as proof of the public welfare policies pursued by the NDA govts at both the Centre and the state under the leadership of PM Narendra Modi and CM Nitish Kumar. "The economic condition of the poor has improved a lot due to the far-sighted policies of the government," the minister said. In its 'Spring 2025 Poverty and Equity Brief', the World Bank acknowledged India's decisive efforts in combating poverty over the past decade, lifting 171 million people out of extreme poverty. The report said that the proportion of people living on less than US$2.15 per day – the international benchmark for extreme poverty – declined steeply from 16.2% in 2011-12 to just 2.3% in 2022-23. Further, according to the NITI Aayog's Multidimensional Poverty Index (2023), Bihar's poverty rate fell from 51.91% in 2015-16 to 33.76% in 2021-22. The report also stated that while Uttar Pradesh recorded the largest decline with 5.94 crore people escaping multidimensional poverty over the past nine years, Bihar followed with 3.77 crore people coming out of poverty since 2005-06. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Taking a swipe at the RJD, Choudhary said "nothing could be more ridiculous than the party led by Lalu Prasad talking about dynasty politics in the state." "The development of Bihar is being discussed not only across the country but also on global platforms, yet the opposition fails to recognise this progress. This reflects their narrow mindset," he added. Food and consumer protection Minister Leshi Singh also criticised the opposition. "They do not have any real issues, so they are resorting to baseless allegations. But the aware people of Bihar will foil their every move," she said. Minority welfare minister Jama Khan said the positive impact of CM Nitish Kumar's initiatives for the welfare and upliftment of minority communities is clearly visible on the ground. "At the same time, the role of the opposition is now limited to spreading lies and confusion, which the public has understood well," he said.
Hans India
09-06-2025
- Politics
- Hans India
From Swachhata to Vishwakarma to Ayushman Bharat: 11 years of ‘Garib Kalyan' under Modi govt
In the last eleven years, Prime Minister Narendra Modi-led government has tirelessly worked for the emancipation and upliftment of the downtrodden and marginalised class with the 'Sabka Saath, Sabka Vikas' motto, marking the hallmark of its governance. Antyodaya remained one of the guiding principles of the BJP-led NDA government as it consistently worked towards the welfare of the poor, farmers and deprived population with policies centered on the development of villages and rural regions. As PM Modi-led government celebrates eleven years of being in power and 1 year of Modi 3.0, below is the lowdown on key achievements and milestones: Rural India's standard of living improves About 171 million people were lifted out of extreme poverty over the past decade. According to the World Bank's Spring 2025 Poverty and Equity Brief, the share of the population living on less than $2.15 per day fell sharply -- from 16.2 per cent in 2011-12 to just 2.3 per cent in 2022-23. The rural India witnessed a significant rise in the standard of living. The average Monthly Per Capita Consumption Expenditure (MPCE) rose from Rs 1,430 in 2011–12 to Rs 4,122 in 2023–24 -- a nearly threefold increase. JJM ensured clean water, healthy life Under the Jal Jeevan Mission (JJM), more than 15.59 crore rural households now have tap water connections. Over 12 crore of these were added in just the past five years. More than 9.35 lakh schools now have tap water connectivity. Housing for All For many families across rural and urban India, a permanent house was once an unattainable dream. The Pradhan Mantri Awas Yojana (PMAY) changed that narrative. PMAY has two components: Urban and Grameen. A total of nearly 4 crore houses have been completed under PMAY. Under Pradhan Mantri Awas Yojana (PMAY) - Urban, more than 92.72 lakh homes have been delivered, with over 90 lakh houses owned by women while in rural India, 2.77 crore houses have been completed under PMAY - Grameen. Notably, 60 per cent of these houses have been allocated to SCs and STs, and 25.29 per cent have been registered in the name of women, promoting gender equity. Saubhagya lights up lives The launch of SAUBHAGYA and Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) has brought transitional change in the lives of people. Today, 2.86 crore households have been electrified under the SAUBHAGYA scheme. Under DDUGJY, 100 per cent village electrification has been achieved. Ayushman Bharat making India healthier Ayushman Bharat was introduced to improve access to quality primary and secondary healthcare, and provide financial protection to poor and vulnerable families. It offers free health insurance coverage to 55 crore Indians, making it the world's largest health assurance scheme and with Ayushman Vay Vandana scheme, all citizens above 70 years have been brought under this scheme. Suraksha Bima and Jeevan Jyoti Bima Yojana The Pradhan Mantri Suraksha Bima Yojana (PMSBY) has played a vital role in extending affordable social security to millions. As of May 2025, the scheme achieved enrolment of 51.06 crore individuals while the PM Jeevan Jyoti Bima Yojana (PM JJBY) had 23.64 crore subscribers till May this year. Swachh Bharat Abhiyaan So far, Swachh Bharat Mission has delivered over 12 crore household toilets across the country. Over 5.64 lakh villages have been declared Open Defecation Free (ODF). Clean Cooking fuel for women The Pradhan Mantri Ujjwala Yojana (PMUY) provided 10.33 crore LPG connections, giving millions of women freedom from smoke and drudgery. As per the official figures, more than 32 .94 crore people are active LPG consumers by March 2025. Pradhan Mantri Garib Kalyan Anna Yojana The Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), launched with aim of mitigating hardships faced by the poor and needy due to economic disruptions during Covid-19, has been providing free rations to 81 crore people since April 2020. PM Jan Dhan Yojana PM Jan Dhan Yojana (PMJDY) was launched to provide universal access to banking facilities. Today, the country boasts a whopping 55.17 crore accounts, out of which 30.80 crore account holders are women. PM Vishwakarma Scheme Millions of artisans and craftsmen once faded into obscurity in a modernising economy but that became a thing of past under BJP government. Today, 2.37 million registered artisans and nearly 1 million beneficiaries are receiving toolkit incentives, traditional skills are being recognised, rewarded, and revived.
