Archive · 7 Jun 2025
India's Extreme Poverty Rate Drops Sharply: World Bank Report
India has seen a big drop in extreme poverty!
The World Bank says that between 2011 and 2023, the number of people in extreme poverty went down a lot, from 27.1% to 5.3%.
This means around 269 million people were no longer in extreme poverty.
The World Bank now uses a new way to measure poverty, using a $3 per day benchmark.
The largest decreases in poverty occurred in states like Uttar Pradesh, Maharashtra, Bihar, West Bengal, and Madhya Pradesh.
India's extreme poverty rate fell from 27.1% in 2011-12 to 5.3% in 2022-23.
The number of people in extreme poverty dropped from 344.47 million to 75.24 million.
Approximately 269 million people moved out of poverty during this period.
The World Bank updated its poverty benchmark to $3 daily consumption.
Five states accounted for two-thirds of the total reduction in extreme poverty.
- Who
- World Bank
- What
- A significant decline in extreme poverty.
- When
- 2011-12 to 2022-23
- Where
- India
- Why
- Data released by the World Bank.
- Extreme Poverty Rate (2011-12)
- 27.1%
- Extreme Poverty Rate (2022-23)
- 5.3%
- People in Extreme Poverty (2011-2023)
- 344.47 million to 75.24 million
- People Lifted Out of Poverty
- 269 million
- Poverty Benchmark (daily consumption)
- $3
- Extreme Poverty Rate (2022-23, using $2.15 threshold)
- 2.3%
- Extreme Poverty Rate (2011-12, using $2.15 threshold)
- 16.2%
Sources
World Bank revises international benchmark for extreme poverty: Details here
India sees sharp fall in extreme poverty, 269 million lifted out in 11 years: World Bank
