Prime Minister Narendra Modi highlighted India's poverty reduction progress, sharing findings from the World Bank's October 2026 report. The report estimates that extreme poverty fell from 27.1 per cent in 2011 to 2.6 per cent in 2023, while around 496 million people moved out of poverty under the broader threshold

The report said that a sustained revival of private investment would provide the country an additional source of demand while building the productive capacity needed for future growth