📰 News ⏱ 2 min

India’s Poverty Rate Fell Sharply – Here’s Why

The World Bank report says India reduced its poverty rate from 57.7% to 16.1% between 2011 and 2023.

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Key Points

4 points

Targeted government policies and reforms boosted incomes.

Social programmes provided food and direct cash benefits.

Robust consumer spending supported the economy.

Improved electricity access helped businesses and homes.

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Nearly 496 million people moved above the lower‑middle‑income line of $4.20 per day.

Extreme poverty dropped from 27.1% to 2.6%.

Employment rose by 134 million jobs, and electricity now reaches 99% of households.

Women’s participation in rural jobs was a key driver of the change.

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5 words

lower‑middle‑income

Earning a modest amount of money each day, above the poorest level

consumer spending

Money people use to buy goods and services

social programmes

Government plans that give help like food or money to people who need it

reforms

Changes made to improve how a system works

robust

Strong and healthy

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