‘Growth in India & China helped in poverty eradication’

Washington: Rapid growth in economies like India and China has helped millions of people escape the dungeons of poverty and based on current economic projections, the world is on track to reduce the number of extremely poor people by half, the World Bank and IMF said in a report.
“Two-thirds of developing countries are on track or close to meeting key targets for tackling extreme poverty and hunger,” the World Bank and IMF report — “Global Monitoring Report 2011: Improving the Odds of Achieving the MDGs” said.
On current trends, and despite the recent global economic crisis, developing countries are on track to reach the global target of cutting income poverty in half by 2015, thanks in large part to rapid growth in China and India, it added.
Giving statistics, the report said the number of people living on less than USD 1.