Despite West Bengal raising threshold, India achieves big dip in extreme poverty

Recent World Bank data reveals a significant decline in India's extreme poverty rate, dropping from 27.1% in 2011-12 to 5.3% in 2022-23, lifting nearly 270 million people out of extreme poverty. This reduction is attributed to updated poverty line definitions and improved household survey data. Free food transfers and a narrowing rural-urban poverty gap also contributed to this progress.
|
|||||
|
|||||
You Might Like💡 newsR Knowledge: Other News Mentions
|
![]()
What does poverty look like on a plate? | Huiyi Lin
Credit: TED Duration: 04:13Published
|
Related news from verified sources
Despite West Bengal raising threshold, India achieves big dip in extreme povertyRecent World Bank data reveals a significant decline in India's extreme poverty rate, dropping from 27.1% in 2011-12 to 5.3% in 2022-23, lifting nearly 270...IndiaTimes |
269 Million People Lifted Out Of Extreme Poverty In India Over 11 Years: World BankAbout 75.24 million people were living in extreme poverty in India during 2022–23, a massive drop from 344.47 million in 2011–12.Zee News |
Govt: Refined consumption data helped defy the oddsIndia's revised consumption data, incorporating improved survey methods and capturing more actual spending, significantly impacted the World Bank's global...IndiaTimes |