Over 20 Crore Indians Escape Extreme Poverty in a Decade: Lanka Dinakar

Speedy Summary

• Extreme Poverty Reduction in India: Extreme poverty has reduced from 16.2% in 2011-12 to 2.3% in 2022-23,attributed to welfare-driven policies under Prime Minister Narendra Modi.
• direct Benefit Transfers Impact: flagship initiatives like Jan Dhan Yojana facilitated ₹45 lakh crore transfers directly into 55 crore bank accounts, reducing middlemen and leakages.
• Targeted Advancement Strategy: Identification of Aspirational Districts for focused development through Central-State schemes and CSR funds is mentioned as transformative.
• Performance-based Monitoring in Andhra Pradesh: Teh State government plans performance-based monitoring of “aspirational Blocks” and “Districts” across indicators such as health, education, agriculture, financial inclusion, and infrastructure to address disparities.

Indian Opinion Analysis

India’s significant reduction in extreme poverty reflects not only economic growth but also targeted social welfare strategies such as direct benefit transfers through the Jan Dhan Yojana initiative. Streamlining resources via a cash-transfer mechanism helped reduce systemic inefficiencies while ensuring better reach within impoverished communities.

The adoption of localized measures like identifying Aspirational Districts furthers equitable development by addressing disparities at micro levels. For andhra Pradesh specifically, the planned performance-monitoring system encourages accountability and competition among districts-offering an avenue for experimentation that could serve as a model for other states.

While these results are promising on paper, sustained impacts depend on consistent implementation beyond the numbers presented.A focus on regional variations within larger developmental policies will be crucial moving forward.

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