India lifted 496 million people out of poverty between 2011 and 2023, says World Bank

Between 2011 and 2023, India successfully elevated about 496 million people from poverty, showcasing a significant reduction in those living below the poverty threshold. A steep decline in extreme poverty reflects improved living conditions. However, income inequality lingers across different job sectors and regions. The World Bank forecasts ongoing reductions in poverty levels, but at a more gradual rate than before.