Positive impactEconomy
Extreme poverty in India fell to 2.6% from 27.1% between 2011 and 2023
Mint 1 hr ago·30 Oct 2026, 4:54 pm
A new World Bank report reveals a significant reduction in extreme poverty in India, with the figure dropping to 2.6% by 2023 from 27.1% in 2011. This decline suggests that nearly 500 million people have crossed the lower-middle-income poverty line of $4.20 a day over the past decade.
This shift in the economic landscape is a positive signal for the country's long-term growth trajectory. A larger, wealthier consumer base can drive domestic demand and support corporate earnings across various sectors. It also reflects the effectiveness of economic policies aimed at uplifting the population.
Investors should monitor upcoming government budgets and economic data releases to gauge the sustainability of this progress. While the drop is encouraging, maintaining this momentum will depend on continued job creation and infrastructure development.
Excerpt from Mint
As many as 496 million people moved above the lower-middle-income poverty line of $4.20 a day between 2011 and 2023, according to the World Bank’s October 2026 Poverty & Equity Brief. New Delhi: The government’s sustained policy efforts are yielding tangible results, strengthening the foundations for inclusive growth…Read the original at Mint
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- Category: Economy.
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