India lifted 171 mn people from extreme poverty between 2011-23: World Bank

Q: How long will it take to read this news story?

The story "India lifted 171 mn people from extreme poverty between 2011-23: World Bank" has 600 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "India lifted 171 mn people from extreme poverty between 2011-23: World Bank" was covered 11 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 124 news stories per day. It's most recent story was published 6 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28216460</li><li>URL: https://inconstantly.beamstart.com/news/india-lifted-171-mn-people-17456764505706</li></ul>

Business Standard Logo Business Standard 11h ago

India lifted 171 mn people from extreme poverty between 2011-23: World Bank - Business Standard

Quick Summary:

Extreme poverty (living on less than USD 2.15 per day) fell from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, lifting 171 million people above this line, the World Bank said in its Poverty & Equity Brief' on India.

The brief said that India also transitioned into the lower-middle-income category.Using the USD 3.65 per day LMIC poverty line, poverty fell from 61.8 per cent to 28.1 per cent, lifting 378 million people out of poverty.

It added that rural extreme poverty dropped from 18.4 per cent to 2.8 per cent, and urban from 10.7 per cent to 1.1 per cent, narrowing the rural-urban gap from 7.7 to 1.7 percentage points a 16 per cent annual decline.