Poverty & Inequality
India records one of the fastest poverty declines in the world, poverty down from 27.1% to 2.6%: World Bank
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According to the World Bank's October 2026 Poverty and Equity Brief, India achieved a sharp decline in extreme poverty, dropping from 27.1% to 2.6% between 2011 and 2023, lifting approximately 496 million people out of poverty. This significant reduction is attributed to robust consumption growth, increased female labor force participation, and expanded social welfare programs, including food subsidies.
Source: Economic TimesRead the full story →