India's Extreme Poverty Falls From 27.1% to 2.6% in 12 Years, World Bank Says
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A World Bank report states that the share of India's population living in extreme poverty dropped from 27.1% to 2.6% over a 12-year period. The proportion of people living below the lower-middle-income poverty line of USD 4.20 per day, measured at 2021 purchasing power parity, also declined sharply. That figure fell from 57.7% to 16.1% over the same span. The measurements are based on the international poverty lines the World Bank uses for cross-country comparison. The findings point to a substantial reduction in poverty across the country during this period.
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