Brief by Shorts91 Newsdesk / 06:31am on 08 Jun 2025,Sunday Business
India bucked global trends after the World Bank raised the extreme poverty line from USD 2.15 to USD 3.00 per day (2021 PPP), which added approximately 125 million to the global poverty count. However, thanks to refined consumption data—via the new Household Consumption Expenditure Survey using the Modified Mixed Recall Period—India offset this entire increase, reducing its extreme poverty headcount by around 125 million . Its extreme poverty rate dropped dramatically from 27.1% (344 million) in 2011–12 to just 5.3% (75 million) in 2022–23 . Rural and urban gaps narrowed, and consumption inequality eased—marking a significant socio-economic achievement amid tougher global benchmarking. (PC: ANI)
