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Positive News - India Has Almost Wiped Out Extreme Poverty

By Zia Haq writing for Hindustan Times

India has almost eradicated extreme poverty and brought down consumption inequality to its lowest levels in 40 years through state-provided food handouts, according to a new working paper published by the International Monetary Fund (IMF).

The IMF working paper -- authored by economists Surjit Bhalla, Arvind Virmani and Karan Bhasin -- said that the proportion of people living in extreme poverty, at less than 1%, remained steady even during the pandemic on the back of “in-kind” subsidies, especially food rations.

From the author of the working paper

Our results also demonstrate the social safety net provided by the expansion of India’s food subsidy program absorbed a major part of the pandemic shock

Read the full article at Hindustan Times