India has officially eradicated extreme poverty, attributing the achievement to robust redistribution policies fostering inclusive growth, according to a report by Surjit Bhalla and Karan Bhasin. Notable progress in consumption expenditure data reveals a 2.9% annual growth since 2011-12, with rural areas experiencing higher growth.

The decline in rural and urban inequality, coupled with a significant drop in the poverty ratio, underscores India's poverty alleviation success.

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