What to know

• The report says the share of people below the $4.20/day lower-middle-income poverty line (2021 PPP) fell from 57.7% to 16.1% over the periodS1
• The report said the proportion of people living below the lower-middle-income poverty line of USD 4.20 per day, measured at 2021 purchasing power parity (PPP), also fell from 57.7 per cent to 16.1 per cent during the period.S2
• Mumbai: India has recorded one of the world's fastest reductions in poverty, lifting approximately 49.6 crore people out of extreme poverty between 2011 and 2023, according to the World Bank's October 2026 Poverty and Equity Brief.The report revealed that Indi...S3