Post Independence Era India as a nation suffered from ' Poverrty traps '.  An economic system that keeps a country stuck in a never-ending cycle of poverty is known as a "poverty trap." Because of their limited access to credit markets and finance, underdeveloped and emerging nations experience this self-reinforcing predicament. War, a lack of money, bad credit, corruption, bad infrastructure, ineffective public health care system, weak educational system, and insufficient infrastructure are some of the things that cause a nation and its citizens to fall into poverty.

In the last nine years, more than 24.8 crore Indians have emerged from poverty NITI study elaborates: 

• According to research released by Niti Aayog on January 15, up to 24.82 crore people were lifted out of multidimensional poverty in nine years, ending in 2022–2023. The biggest declines were seen in Uttar Pradesh, Bihar, and Madhya Pradesh. The NITI discussion paper states that throughout the period of 2022–2023, multidimensional poverty in India decreased from 29.17% in 2013–14 to 11.28% in 2022–2023, with about 24.82 crore individuals falling out of this category. According to NITI Aayog, the national multidimensional poverty assesses concurrent deprivations across three equally weighted dimensions of health, education, and standard of living, which are represented by 12 indicators that are associated with the sustainable development goals. These include food, maternal health, child and adolescent mortality, years of education, attendance in schools, fuel for cooking, hygienic conditions, clean drinking water, power, housing, possessions, and bank accounts.

Visionary Poverty alleviation Programs by the government: 

• Prominent programmes such as Anemia Mukt Bharat and Poshan Abhiyan have improved access to medical facilities and thereby reduced deprivation. Under the National Food Security Act, the Targeted Public Distribution System, one of the biggest food security initiatives globally, supplies food grains to both rural and urban populations, serving 81.35 crore people.
• The government's dedication is demonstrated by recent choices like the five-year extension of the Pradhan Mantri Garib Kalyan Anna Yojana's free food grain distribution.
• Health for mothers initiatives, the distribution of clean cooking fuel under the Ujjwala Yojana, increased electricity coverage through Saubhagya, and revolutionary campaigns like Swachh Bharat Mission and Jal Jeevan Mission have all contributed to an improvement in people's quality of life and general well-being.
• Furthermore, major initiatives like the Pradhan Mantri Awas Yojana and Pradhan Mantri Jan Dhan Yojana have been essential in promoting financial inclusion and giving the poor access to secure housing.

India is expected to experience single-digit poverty by 2024. This is made possible by the numerous government programs and activities aimed at enhancing particular areas of deprivation.  India is expected to accomplish the Sustainable Development Goals (SDGs) well in advance of 2030, with a 1.2% increase in multidimensional poverty reduction (at least half).

The Indian government, which seeks to eradicate poverty in all its forms, has improved people's lives with amazing success.
While each state performs differently, several historically high-poor states have made impressive strides toward assisting citizens in escaping poverty, which has decreased inter-state differences in multidimensional poverty. As a result, the underlying issues with obtaining basic services are being quickly overcome, allowing the nation to focus on developing into a developed nation by 2047—Viksit Bharat!