India has raised 171 million people of extreme poverty in the decade between 2011-12 and 2022-23, said the World Bank.
“Over The Past Decade, India You have significant Ledpovery. Extreme Poverty (Living on Less than $ 2.15 per day) Fell from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, Lifting 171 Million Peode Bank,” The World, “The World,” The World, “The World” The World ” ‘The World’ The World ‘The World’ The World ‘The World’ The World ‘The World’ The World ‘The World’ The World ‘The World’ The World ‘The World’ The World ‘The World’ The World ‘The World’ The World ‘World’ Line Line ‘Line’ Line ‘Line’ Line. India.
He added that extreme rural poverty fell from 18.4 percent to 2.8 percent, and urban from 10.7 percent to 1.1 percent, reducing the rural-urban gap from 7.7 to 1.7 percentage points, 16 percent annual decrease.
The letter said that India also made the transition to the lower minimum income category. Using the LMIC poverty line of USD 3.65 per day, poverty fell from 61.8 percent to 28.1 percent, lifting 378 million people out of poverty.
Rural poverty fell from 69 percent to 32.5 percent, and urban poverty from 43.5 percent to 17.2 percent, reducing the rural-urban gap from 25 to 15 percentage points with an annual decrease of 7 percent.
The five most populated states in India-Uttar Pradesh, Maharashtra, Bihar, Western Bengal and Madhya Pradesh reported by 65 percent of the country’s extreme poor in 2011-12 and contributed to two thirds of the general decrease in extreme poverty.
“However, these states still represented 54 percent of the extremely poor of India (2022-23) and 51 percent of multidimensionally poor poverty (2019-21),” said the summary and added that measured by the multidimensional poverty index (MPI), non-monetary poverty decreased from 53.8 percent in 2005-06 to 16.4 percent in 2019-21.
The letter added that employment growth has surpassed the population of working age since 2021-22. Employment rates, specific among women, are increasing, and urban disagreement fell to 6.6 percent in the first quarter of fiscal year 2014/25, the lowest since 2017-18.
Recent data indicate a change of male workers from rural to urban areas for the first time since 2018-19, while rural female employment in agriculture has grown.
Highlighting the challenges that persist, the letter said that inemployent young people are 13.3 percent, which increases to 29 percent among tertiary education graduates. Only 23 percent of non -agricultural work are formal, and most agricultural employment remains informal.
The job on their own is increasing, especially among rural workers and women. Despite the female employment rate or 31 percent, gender disparities remain, with 234 million more men in the paid work.
Poverty and capital summaries of the World Bank (PEBS) highlight poverty, shared prosperity and inequality trends for more than 100 developing countries.
The summaries are launched twice a year for the spring and annual meetings of the World Bank Group and the International Monetary Fund and help users to understand the context of poverty and inequality of a country and seek to maintain the reduction of poverty at the top of the world’s agenda.
Posted on April 26, 2025