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India lifts nearly 496 million people out of poverty in historic economic transformation

India reduced poverty sharply between 2011–12 and 2023–24, with nearly 496 million people moving above the World Bank's USD 4.20-a-day threshold, according to World Bank estimates. Extreme poverty also fell, though around 35 million Indians remain in extreme poverty.

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What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures11as written, with their sentences

One outlet so far Only The Standard has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

How the reporting differs

one source so far
The StandardNews outlet

India lifts nearly 496 million people out of poverty in historic economic transformation

nearly 496 million people moved above the World Bank's lower-middle-income poverty threshold
First Open at outlet(opens the report at The Standard)

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • nearly 496 million people moved above the World Bank's lower-middle-income poverty threshold The Standard nearly 496 million people moving above the World Bank’s lower-middle-income poverty threshold between 2011–12 and 2023–24

    Word for word from the report in The Standard. Open the report

  • 57.7 percent share of Indians below the USD 4.20-a-day poverty threshold The Standard the proportion of Indians living below the USD 4.20-a-day poverty threshold declined from 57.7 percent to 16.1 percent during the period

    Word for word from the report in The Standard. Open the report

  • 16.1 percent share of Indians below the USD 4.20-a-day poverty threshold The Standard the proportion of Indians living below the USD 4.20-a-day poverty threshold declined from 57.7 percent to 16.1 percent during the period

    Word for word from the report in The Standard. Open the report

  • 27.1 percent share of people living on less than USD 3 per day The Standard the share of people living on less than USD 3 per day dropping from 27.1 percent to just 2.6 percent

    Word for word from the report in The Standard. Open the report

  • 2.6 percent share of people living on less than USD 3 per day The Standard the share of people living on less than USD 3 per day dropping from 27.1 percent to just 2.6 percent

    Word for word from the report in The Standard. Open the report

  • 31 percent rural extreme poverty rate The Standard Rural extreme poverty declined from 31 percent to 3.1 percent

    Word for word from the report in The Standard. Open the report

  • 3.1 percent rural extreme poverty rate The Standard Rural extreme poverty declined from 31 percent to 3.1 percent

    Word for word from the report in The Standard. Open the report

  • 17.4 percent urban extreme poverty rate The Standard urban extreme poverty fell from 17.4 percent to 1.4 percent

    Word for word from the report in The Standard. Open the report

  • 1.4 percent urban extreme poverty rate The Standard urban extreme poverty fell from 17.4 percent to 1.4 percent

    Word for word from the report in The Standard. Open the report

  • 35 million Indians living in extreme poverty The Standard approximately 35 million Indians continue to live in extreme poverty

    Word for word from the report in The Standard. Open the report

1 more figure
  • 232 million Indians below the USD 4.20-a-day threshold The Standard around 232 million remain below the broader USD 4.20-a-day threshold

    Word for word from the report in The Standard. Open the report

Named in these reports

alphabetical
Narendra Modi Prime MinisterWorld Bank