<h1>Transformative Economic Progress: Innovative Strategies Slash Extreme Poverty, Empower 171 Million People Across South Asian Regions</h1> A global financial institution reported significant poverty reduction in a South Asian country between 2011-12 and 2022-23. Extreme poverty declined from 16.2% to 2.3%, lifting 171 million people above the poverty line. Rural and urban poverty rates decreased substantially, with five populous states contributing to two-thirds of the overall poverty decline. Employment growth has improved, particularly for women, though challenges like youth unemployment and informal work persist.