NEW DELHI: (Apr 27) Attacking the Centre citing a World Bank report, the Congress on Sunday claimed that sharpening inequality is now firmly embedded in the nature of the country’s economic growth, and asserted there is a compelling need for tax reforms in GST, ending “brazen corporate favouritism” and providing income support for families.
Congress general secretary in-charge communications Jairam Ramesh said the World Bank has released its Poverty and Equity Brief for India this month, and the report raises several concerns even as the Modi government spins it to its benefit.
In its report, the World Bank has said, “Over the past decade, India has significantly reduced poverty. Extreme poverty (living on less than USD 2.15 per day) fell from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, lifting 171 million people above this line.” PTI
