India lifted 496 million people out of poverty between 2011 and 2023

India lifted an estimated 496 million people out of poverty between 2011 and 2023, with the share of the population living in extreme poverty declining sharply from 27.1 per cent to 2.6 per cent, according to the World Bank's October 2026 Poverty and Equity Brief. The bank said the proportion of people living below the lower-middle-income poverty line of USD 4.20 per day, measured at 2021 purchasing power parity (PPP), also fell from 57.7 per cent to 16.1 per cent during the period. Describing the progress as one of the fastest poverty declines in the world, the World Bank said India had recorded improvements across both monetary and non-monetary measures of poverty

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