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How India pulled 500 million people out of poverty, as inequality deepens

India’s extreme poverty has declined from 27.1 percent to 2.6 percent between 2011 and 2023 according to the World Bank.

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India lifted nearly 500 million people out of extreme poverty between 2011 and 2023, according to a World Bank report. The share of the population living in extreme poverty fell from 27.1 percent in 2011 to 2.6 percent in 2023. The findings highlight a dramatic reduction in poverty in the world’s most populous nation over the twelve‑year period.

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