Rajesh Shukla: The World Bank’s estimates show India is escaping poverty—but are the people becoming economically secure
India’s next development challenge is, therefore, not simply to move more people above a poverty threshold, but ensuring that those who cross it continue moving upwards. Food subsidies and public transfers protect consumption, particularly among vulnerable households. Lasting advancement, however, depends on productive employment, rising real earnings, financial resilience and opportunities for mobility.
