Explanation:

The World Bank released the "Pathways out of the Polycrisis: Poverty, Prosperity, and Planet Report 2024". The report highlights challenges in economic development. Global poverty reduction has nearly stalled over the past 5 years due to the "polycrisis." Polycrisis refers to multiple overlapping crises like slow growth, fragility, climate risks, and uncertainty. Extreme poverty is projected at 7.3% in 2030, far from the UN SDG target of eliminating it. The global prosperity gap has widened, with income growth slowing since the pandemic. In India, extreme poverty has dropped from 431 million in 1990 to 129 million in 2024. Hence option 2nd is correct.