India’s Triumph in Combating Poverty
On 26th April 2025, the World Bank released Poverty and Equity Brief on India. It offers a complex picture of the socio-economic landscape of India, and raises questions about broader economic inequality and the reliability of data in capturing socio-economic trends.
Key Insights from the Brief
Reduction in Extreme Poverty
- In past decade, India has lifted 171 million people out of extreme poverty.
- The proportion of people living on less than 2.15 US dollars a day, which is the international benchmark for extreme poverty, fell sharply from 16.2 per cent in 2011-12 to just 2.3 per cent in 2022-23.
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