ECONOMY & WELFARE: India’s Poverty Reduction Among Fastest Globally as Nearly 496 Million Move Out of Poverty: World Bank

India has recorded one of the world’s fastest reductions in poverty over the past decade, with an estimated 496 million people moving out of poverty between 2011 and 2023, according to the World Bank’s October 2026 Poverty and Equity Brief.The report said the share of the population living in extreme poverty declined dramatically from 27.1 per cent in 2011 to just 2.6 per cent in 2023. Over the
India has recorded one of the world’s fastest reductions in poverty over the past decade, with an estimated 496 million people moving out of poverty between 2011 and 2023, according to the World Bank’s October 2026 Poverty and Equity Brief.The report said the share of the population living in extreme poverty declined dramatically from 27.1 per cent in 2011 to just 2.6 per cent in 2023. Over the
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