India Poverty Rate Plummets From 27.1% to 5.3%

INDIA has recorded a dramatic decline in poverty, with the proportion of people living below the World Bank's revised international poverty line of $3.00 per day (2021 Purchasing Power Parity, PPP) dropping from 27.1% in 2011 to just 5.3% in 2022.

- VISMAY BASU @New Delhi

The updated poverty threshold, up from the earlier $2.15 line based on 2017 PPP, aims to better reflect today's global prices and cost-of-living standards.

This revision offers a clearer, more realistic view of deprivation and development across countries. For India, the new metric underscores decades of progress in fighting poverty, particularly since the early 2000s.