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Raise a toast to declining poverty

Poverty is falling at an accelerated pace in India. The proportion of the poor to the total population has fallen from 37.2% in 2004-05 to 21.9% in 2011-12. In this seven-year period, the pace of poverty reduction has been 2.8% a year, about three times the rate of poverty reduction over 1993-94 to 2004-05.

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