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India’s Extreme Poverty Rate Falls to 5.3%: World Bank

By BPN News Desk June 7, 2025
Economy National
India has recorded a major achievement in poverty alleviation, with its extreme poverty rate falling dramatically from 27.1% in 2011–12 to just 5.3% in 2022–23. According to the World Bank, this translates to nearly 269 million people being lifted out of extreme poverty over an 11-year period.
International

World Bank Flags Rising Poverty in Pakistan Amid Tax Woes

By BPN News Desk May 26, 2025
A new report by the World Bank has exposed alarming levels of rising poverty in Pakistan, painting a grim picture of economic distress fueled by regressive taxation policies and inadequate public welfare mechanisms. The findings have raised serious questions about the country’s fiscal priorities and governance failures. General Sales Tax Deepening Poverty The World
Economy National

India’s Path to High-Income Status by 2047: World Bank Insights

By BPN News Desk March 1, 2025
India has the potential to achieve high-income status by 2047, according to a new report outlining the necessary reforms and strategies. To reach this milestone, the country must sustain an annual GDP growth rate of 7.8% over the next two decades, building on its historical growth trajectory. The report highlights the crucial need for structural […]

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