India has seen a dramatic fall in extreme poverty, dropping from 27.1 percent in 2011 to 2.6 percent in 2023, the World Bank reports.
Extreme poverty is measured by the World Bank as living on less than $1.90 a day. The decline means that a vast number of Indians have moved above this threshold over the past decade.
While the reduction in extreme poverty marks a significant achievement, it also highlights the uneven distribution of gains. The country’s growing middle class has not fully offset the persistent gaps that still exist across regions and communities.
India, the world’s second‑largest economy, has implemented a range of social and economic reforms that have contributed to this progress, according to the World Bank data.
The trend underscores the complexity of development, where lifting millions out of poverty can coexist with rising inequality, a challenge that policymakers continue to confront.
<small>Source: Al Jazeera — read the original story there.</small>
