World Bank Data On India And Pakistan Shows Massive Contrast Over Poverty

The latest World Bank report highlights a significant disparity in poverty levels between India and Pakistan. In India, the number of people living in extreme poverty has drastically reduced to 75.24 million during 2022-23, down from a staggering 344.47 million in 2011. This substantial decline is attributed to robust economic growth, targeted poverty alleviation programs, and improved access to education and healthcare services. In contrast, the situation in Pakistan remains challenging. The report indicates a less pronounced reduction in poverty levels, with economic instability and political turmoil hampering efforts to lift people out of poverty. The lack of consistent policy implementation and insufficient investment in critical sectors like education and infrastructure continue to impede progress, leaving a significant portion of the population vulnerable. The contrasting scenarios underscore the effectiveness of strategic economic reforms and social welfare initiatives in India, which have significantly improved living conditions for millions. Meanwhile, Pakistan faces an urgent need to address its structural issues and foster a more stable environment to ensure sustainable poverty reduction. The report serves as a crucial reminder of the transformative power of sound economic policies and the ongoing challenges in achieving equitable growth across the region.

— Authored by Next24 Live