The World Bank had previously set the international poverty line at $2.15 per day (around ₹184), but revised it to $3 per day (about ₹257) in 2021.
New Delhi: Over the past decade, nearly 270 million people in India have moved out of poverty, according to a recent report by the World Bank. The study, based on updated data and poverty thresholds, highlights a significant socio-economic transformation in the country.
As per the report, in 2022, only 33.66 million people in India were living below the international extreme poverty line—defined as earning less than $2.15 per day. This marks a dramatic drop from 205.93 million in 2011. In percentage terms, the poverty rate has declined from 27.1% in 2011-12 to just 5.3% in 2022-23.
The report also states that the number of Indians in "extreme poverty" fell from approximately 345 million in 2011-12 to about 75 million in 2022-23. Additionally, the share of population living in lower-middle-income poverty (those living below \$3 per day) declined from 57.7% to 23.9% during the same period.
The World Bank had previously set the international poverty line at $2.15 per day (around ₹184), but revised it to $3 per day (about ₹257) in 2021. Remarkably, even after this upward revision, India continued to reduce its number of poor.
The report describes this as a “notable success in socio-economic development.” However, it also recalls that during the COVID-19 pandemic in 2020, an estimated 56 million Indians had fallen back below the poverty line, as highlighted in the World Bank's 2022 "Poverty and Shared Prosperity" report.
Key Highlights:
* Extreme poverty in India dropped from 27.1% (2011-12) to 5.3% (2022-23)
* The number of people living below $2.15/day fell from 206 million to 33.7 million
* The lower-middle-income poverty rate fell from 57.7% to 23.9%
* Post-pandemic recovery has helped India maintain a declining poverty trend, despite economic shocks
New Delhi: Over the past decade, nearly 270 million people in India have moved out of poverty, according to a recent report by the World Bank. The study, based on updated data and poverty thresholds, highlights a significant socio-economic transformation in the country.
As per the report, in 2022, only 33.66 million people in India were living below the international extreme poverty line—defined as earning less than $2.15 per day. This marks a dramatic drop from 205.93 million in 2011. In percentage terms, the poverty rate has declined from 27.1% in 2011-12 to just 5.3% in 2022-23.
The report also states that the number of Indians in "extreme poverty" fell from approximately 345 million in 2011-12 to about 75 million in 2022-23. Additionally, the share of population living in lower-middle-income poverty (those living below \$3 per day) declined from 57.7% to 23.9% during the same period.
The World Bank had previously set the international poverty line at $2.15 per day (around ₹184), but revised it to $3 per day (about ₹257) in 2021. Remarkably, even after this upward revision, India continued to reduce its number of poor.
The report describes this as a “notable success in socio-economic development.” However, it also recalls that during the COVID-19 pandemic in 2020, an estimated 56 million Indians had fallen back below the poverty line, as highlighted in the World Bank's 2022 "Poverty and Shared Prosperity" report.
Key Highlights:
* Extreme poverty in India dropped from 27.1% (2011-12) to 5.3% (2022-23)
* The number of people living below $2.15/day fell from 206 million to 33.7 million
* The lower-middle-income poverty rate fell from 57.7% to 23.9%
* Post-pandemic recovery has helped India maintain a declining poverty trend, despite economic shocks
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