Extreme Poverty Rate Drops To 5.3% From 27.1% In India: World Bank Report

New Delhi:

In a significant feat under Prime Minister Narendra Modi’s visionary government, India has made key strides in the last decade in reducing its extreme poverty rate, which fell to 5.3 per cent in 2022-23 from 27.1 per cent in 2011-12, latest World Bank data has revealed.

About 75.24 million people were living in extreme poverty in India during 2022-23, a massive drop from 344.47 million in 2011-12.

According to the World Bank data, this means 269 million individuals were lifted out of extreme poverty over approximately 11 years.

Uttar Pradesh, Maharashtra, Bihar, West Bengal and Madhya Pradesh, which collectively accounted for 65 per cent of India’s extreme poor in 2011-12, contributed to two-thirds of the overall decline in extreme poverty by 2022-23.