India has lifted 171 million people out of extreme poverty in the decade between 2011-12 and 2022-23. This information has come out in the World Bank’s Poverty and Equality Brief Report. The World Bank said that India has reduced poverty to a great extent in the last decade.
It said extreme poverty in rural areas declined from 18.4 per cent to 2.8 per cent and in urban areas from 10.7 per cent to 1.1 per cent. Extreme poverty (living on less than US$2.15 per day) is to decline from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, bringing 171 million people above this line.