Union minister highlights decrease in poverty rates
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Vijayawada: Since Prime Minister Narendra Modi assumed office in 2014, the country witnessed equitable development across all sectors, leading to enhanced international standing and justice for all sections of society, said G Kishan Reddy, Union minister for coal and mines and Telangana BJP president.
He was speaking at a press conference in Vijayawada on Tuesday.
Reddy stated that India's economy became the world's fourth-largest, surpassing Japan, growing from a 2.1 trillion dollar economy in 2014 (10th position) to four trillion dollar, as confirmed by the International Monetary Fund (IMF). Govt aims to achieve a five trillion dollar economy soon. Furthermore, approximately 25 crore people were lifted out of poverty in the last nine years, with poverty rates decreasing from 29.2% in 2013-14 to 11.3% in 2022-23.
Per capita income also saw a substantial 67% increase, rising from 68,572 in 2013-14 to 1,14,710 in 2024-25.
The minister highlighted the successful implementation of the Goods and Services Tax (GST) with the consensus of all states and the increase in states' share of tax revenue from 32% to 41-42%. He also detailed govt's war on black money, which included demonetisation and banking reforms, leading to a significant increase in the number of taxpayers from 6.9 crore in 2014 to 15.7 crore in 2024-25.
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Direct tax collection also surged by 220% during this period.
In terms of social welfare, Reddy announced that the NDA govt provided free ration to 81 crore people and constructed four crore pukka houses for the poor.
The Union minister for coal and mines also mentioned that the expansion of the Ayushman Bharat scheme that was to cover over 50 crore poor and middle-class citizens, was now extended to include all individuals above 75 years of age for free medical services. The number of AIIMS institutions grew from seven to 26.
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