World Bank figures show poverty decline alongside persistent income gaps

Economy · First reported 30 Oct, 03:14 · Updated 05:33

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The supplied reports say India’s poverty rates fell between 2011 and 2023, while the longer account also notes rural-urban differences, stagnant real earnings and a large income gap.

The share of people below the $4.20-a-day poverty line fell from 57.7% in 2011 to 16.1% in 2023.
The share living below $3 a day declined from 27.1% to 2.6% over the same period.
The longer report says rural poverty remained higher than urban poverty in 2023, and real earnings were broadly unchanged despite employment growth.

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Key facts

Period: 2011–2023
Below $4.20 a day: 57.7% in 2011; 16.1% in 2023
Below $3 a day: 27.1% in 2011; 2.6% in 2023
Rural and urban poverty in 2023: 19.3% rural; 8.6% urban, using the $4.20 threshold