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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