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World Bank: India's Extreme Poverty Plunges to 2.6% in 12 Years
✍️ NDTV Top
🗓 30 Oct 2026, 11:56 AM
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A new World Bank report indicates that India's extreme poverty rate has dropped significantly from 27.1% to 2.6% over the last decade, while the lower-middle-income poverty line also saw a substantial decline.
The World Bank has released a report highlighting a dramatic reduction in extreme poverty across India over the past 12 years. According to the data, the proportion of the population living below the extreme poverty line has fallen sharply from 27.1 percent to just 2.6 percent during this period.
The report further details that the share of people living below the lower-middle-income poverty line, defined as USD 4.20 per day measured at 2021 purchasing power parity (PPP), has also witnessed a significant decline. This metric dropped from 57.7 percent to 16.1 percent over the same timeframe.
These figures suggest a substantial improvement in the economic well-being of the Indian population, indicating that a large segment of the society has moved out of the most severe levels of deprivation. The World Bank's assessment underscores the progress made in reducing multidimensional poverty indicators in the country.
The report further details that the share of people living below the lower-middle-income poverty line, defined as USD 4.20 per day measured at 2021 purchasing power parity (PPP), has also witnessed a significant decline. This metric dropped from 57.7 percent to 16.1 percent over the same timeframe.
These figures suggest a substantial improvement in the economic well-being of the Indian population, indicating that a large segment of the society has moved out of the most severe levels of deprivation. The World Bank's assessment underscores the progress made in reducing multidimensional poverty indicators in the country.