Despite West Bengal raising threshold, India achieves big dip in extreme poverty

Recent World Bank data indicates a substantial reduction in India’s extreme poverty rate, which fell from 27.1% in 2011-12 to 5.3% in 2022-23, effectively lifting around 270 million people out of extreme poverty. This significant decline is largely attributed to updated definitions of the poverty line and enhanced household survey data. Additionally, the success of free food transfers and a decreasing rural-urban poverty gap have played crucial roles in this progress.

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