Business · 2026-10-31 · Morning briefing
World Bank: 496 million in India escaped poverty since 2011
A World Bank report published this month has quantified one of the world's fastest poverty reductions, with approximately 496 million people in India lifted out of poverty between 2011 and 2023. This pushed the share of the population living below the lower-middle-income threshold of $4.20 a day down from 57.7% to just 16.1% over the period.
The decline was even sharper for those in extreme poverty, a category measured as living on less than $3 a day. According to the report, the proportion of Indians in this group plummeted from 27.1% to a mere 2.6%. Despite the scale of the achievement, the World Bank noted that the gains remain uneven across the country.
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- India Saw 496 Million Escape Poverty Since 2011, World Bank Says
- India lifted 49.6 crore people out of poverty between 2011 and 2023, says World Bank report - here is how it was done
- India Lifts 49.6 Crore People Out Of Poverty In 12 Years: World Bank
- India recorded one of world's fastest poverty declines, 496 million lifted out of poverty: World Bank report
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