Mumbai, Apr 28: In one of the most remarkable achievements of the past decade, India has lifted 171 million people out of extreme poverty. The World Bank acknowledges India’s decisive fight against poverty in its Spring 2025 Poverty and Equity Brief. According to the report, the proportion of people living on less than 2.15 US dollars a day, which is the international benchmark for extreme poverty, fell sharply from 16.2 percent in 2011-12 to just 2.3 percent in 2022-23.The Poverty and Equity Briefs (PEBs) from the World Bank highlight trends in poverty, shared prosperity, and inequality for over 100 developing countries. Published twice a year for the Spring and Annual Meetings of the World Bank Group and the International Monetary Fund, these briefs offer a snapshot of a country’s poverty and inequality context, ensuring poverty reduction remains a global priority. Each PEB includes a two-page summary that presents recent developments in poverty reduction, along with updated data on key development indicators.
These indicators cover various aspects of poverty, including rates of poverty and the total number of poor, using both national poverty lines and international benchmarks ($2.15 for extreme poverty, $3.65 for lower-middle-income, and $6.85 for upper-middle-income). The briefs also include comparative trends in poverty and inequality over time and across countries, a multidimensional poverty measure that accounts for non-monetary deprivations like education and basic services, and inequality measurements using the Gini Index.