India's Extreme Poverty Falls from 27.1% to 2.6%: World Bank Report
| Category | Details |
|---|---|
| Report | World Bank's Poverty and Equity Brief (October 2023) |
| Extreme Poverty Decline | From 27.1% (2011) to 2.6% (2023) |
| People Lifted Out of Poverty | 496 million |
| Factors for Poverty Reduction | 1. Rapid consumption growth2. Rise in employment (especially rural women)3. Social security expansion |