India records one of the fastest poverty declines in the world, poverty down from 27.1% to 2.6%: World Bank

India has seen a significant decline in poverty, with the rate dropping from 27.1 percent to 2.6 percent. Approximately 496 million people were lifted out of poverty between 2011 and 2023. Employment has increased, particularly among rural women, which contributed to this progress. However, youth unemployment has also risen, particularly among young rural women. The report highlights the need for productive employment opportunities to continue reducing poverty.