Poverty falls fastest in high-GDP years

President Pranab Mukherjee may have said that growth alone doesn’t lead to reduction in poverty levels, but the government has worked in double quick time to show he is wrong: New consumption data released on Wednesday show poverty levels in India fell to 26.3% during July 2011-June 2012 based on preliminary calculations on the data by Surjit Bhalla — that’s a massive 2.4% per annum decline, a number never seen before in India’s history.

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