India Lifts 49.6 Crore People Out Of Poverty, Extreme Poverty Falls From 27.1% To 2.6% Says World Bank

Mumbai: India has recorded one of the world's fastest reductions in poverty, lifting approximately 49.6 crore people out of extreme poverty between 2011 and 2023, according to the World Bank's October 2026 Poverty and Equity Brief.The report revealed that India's extreme poverty rate declined sharply from 27.1% to just 2.6% during the period, reflecting improvements in household consumption, employment and...