Current Affairs - Economy - Discussion

India’s extreme poverty rate declined significantly from 27.1% in 2011 to 2.6% in 2023, according to the World Bank’s Poverty and Equity Brief for October 2026. This reduction helped approximately 496 million people move out of extreme poverty. The improvement was supported by factors such as increased household consumption, growth in employment opportunities, particularly among rural women, and the expansion of social protection systems. The report also highlighted a decline in poverty measured using the lower-middle-income poverty line of USD 4.20 per person per day, from 57.7% to 16.1% during the same period.